About U Power Limited - Class A Ordinary Shares (UCAR)
U Power Limited is a company focused on providing innovative solutions in the electric vehicle sector, particularly through its development and operation of electric vehicle charging infrastructure. The company aims to facilitate the adoption of clean energy vehicles by offering efficient charging options and advanced technologies that enhance the user experience. U Power is committed to creating a sustainable transportation ecosystem and is actively involved in expanding its network of charging stations, which cater to the growing demand for electric mobility. Through its initiatives, the company seeks to contribute to reducing carbon emissions and promoting renewable energy usage in the automotive industry. Read More
The electric vehicle revolution has moved from hype to hard reality, and the next bottleneck is no longer production but power. Global EV sales are expected to exceed 17 million units in 2025, and by 2030, more than 40 percent of new vehicles sold could be electric. That growth will push the EV infrastructure market past 140 billion dollars. Yet the transition is now colliding with the limits of today’s energy grids and charging networks, which are struggling to meet rising demand for speed, efficiency, and scalability.
Silicon Valley & New York — July 23, 2025 — IoTeX, the open ecosystem for physical intelligence and a pioneer in Decentralized Physical Infrastructure Networks (DePIN), today announced a strategic partnership with U Power Limited (NASDAQ: UCAR), a leading electric vehicle (EV) infrastructure provider. The collaboration will enable full on-chain tokenization and lifecycle management of UCAR’s EV charging and battery swap stations, marking a major milestone in scaling real-world asset (RWA) adoption through DePIN.
U Power Limited (NASDAQ: UCAR) saw shares rise after showcasing its UOTTA battery swap station at the 2025 Bangkok Motor Show. The unit will soon begin operations in Phuket, marking Southeast Asia's first live battery-swapping system.
