U Power Limited

U Power Limited is a China-based company specializing in the development, manufacturing, and sale of new energy vehicles and battery swapping stations. The company positions itself as a provider of AI-integrated solutions for next-generation energy grids and intelligent transportation systems, with a strategic vision to become a comprehensive electric vehicle (EV) battery power solution provider and a smart energy grid solutions provider. Founded in 2013, its headquarters are located in Wuhu, People's Republic of China.

The company's core offerings revolve around its proprietary modular battery-swapping technology, UOTTA™. This technology underpins a range of products and services, including the manufacturing and sale of battery-swapping stations compatible with various EVs, such as commercial trucks, buses, light trucks, passenger vehicles, and two- and three-wheeled vehicles. U Power also provides battery swapping services, battery sourcing, and technical and consultation services. Its market segments primarily include the commercial transportation industry, with operations spanning China, Thailand, Southeast Asia, South America, Hong Kong SAR, Macau SAR, Portugal, Peru, and Mexico.

Led by Founder, Chairman, and CEO Jia Li, U Power Limited has recently engaged in several strategic initiatives. These include securing private placements and public offerings to support its growth, expanding into hydrogen energy solutions for intelligent data centers, and achieving significant milestones in Thailand's heavy-duty truck battery-swapping market. The company is also actively expanding its European footprint, notably in Portugal, through joint ventures focused on deploying battery-swapping solutions for taxi fleets. Furthermore, U Power launched its first tokenized real-world asset on the BNB Chain, aiming to accelerate AI-driven EV energy infrastructure expansion.