U Power Limited
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $15.6M
- Price
- $0.6079
- % Change (Daily % change from the live per-ticker quote feed.)
- -5.44%
- Volume
- 7.7M
About
Founded in 2013 and headquartered in Shanghai, People's Republic of China, U Power Limited is engaged in the new energy sector. The company primarily focuses on the conceptualization, manufacturing, and distribution of new energy vehicles and their associated battery exchange infrastructure within China. Additionally, it provides services for battery swapping and acquisition.
Quick stats
Shares outstanding25.7M
Computed float23.8M
Float / shares92.6%
Key info
SectorConsumer Cyclical
IndustryAuto - Dealerships
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001939780
Websitehttps://www.upincar.com
AI Summary
AI-generated1/9
minorneutraloffering
U Power Limited Announces US$16 Million Private Placement Subscribed by Existing Shareholders
U Power closed a $16 million private placement on August 3, selling 9.76 million Class A Ordinary Shares at $1.64 per share to four existing shareholders.
The company intends to use the net proceeds to expand hydrogen energy solutions for intelligent data centers in Thailand and fund its battery-swapping projects in Southern Europe and Hong Kong.
The transaction was executed under Regulation S, with shares offered offshore to non-U.S. persons, and details were filed via Form 6-K.