U Power Limited develops and manufactures new energy vehicles and battery swapping infrastructure across Asia and South America. Founded in 2013 and headquartered in Wuhu, China, the company operates as a vehicle manufacturer and energy solutions provider, with operations extending into Thailand, Southeast Asia, South America, Hong Kong SAR, and Macau SAR. The company is incorporated in the Cayman Islands and listed on Nasdaq.
The company's primary business activities center on new energy vehicle production and battery swapping station deployment. Revenue streams include vehicle sales, battery swapping services, battery sourcing operations, and technical and consultation services related to its core products and infrastructure. The battery swapping model represents a differentiated approach to addressing vehicle electrification and energy supply in its operating markets.
U Power operates with approximately 80 full-time employees and maintains a micro-cap market position. The company's geographic diversification across multiple Asian markets and South America reflects its strategy to capture emerging demand for new energy vehicles and alternative battery solutions outside its primary China base.
No 10-K filings found.