Business
U Power Reports Financial Results for Full Year of 2025
Transitioning to a Provider of Sustainable Mobility and Energy Solutions by Expanding into AI-Driven Energy Management Solutions for IDCsSHANGHAI, May 15,
About this update from U Power Limited
[{"type":"text","content":"Transitioning to a Provider of Sustainable Mobility and Energy Solutions by Expanding into AI-Driven Energy Management Solutions for IDCsSHANGHAI, May 15, 2026 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the \"Company\" or \"U Power\"), a provider of AI-integrated solutions for next-generation energy grids and intelligent transportation systems, building on its proprietary UOTTATM electric vehicle (EV) battery-swapping technology, today announced its financial results for the full year ended December 31, 2025 (\"FY 2025\").[1]\nFY 2025 Financial HighlightsTotal revenue of RMB41.1 million (or $5.9 million), compared to RMB44.3 million in the same period of 2024.Gross profit of RMB14.9 million (or $2.1 million), compared to RMB10.5 million in the same period of 2024. Gross margin of 36.3%, compared to 23.6% in the same period of 2024.Net loss of RMB 80.5 million (or $11.4 million), compared to RMB56.3 million in the same period of 2024.Cash and cash equivalents of RMB22.0 million ($3.1 million) as of December 31, 2025, compared to RMB23.4 million as of December 31, 2024.FY 2025 Operational HighlightsThailand:Delivered Southeast Asia's first battery-swapping taxi fleet in Phuket Island, and the region's first smart battery-swapping station.Strategic partnership with Whale Logistics Ltd. (\"Whale Logistics\"), to deploy up to 1,000 battery-swapping electric truck tractors, as part of a broader plan to deliver 4,200 SAIC-Hongyan heavy trucks.Deployment of battery-swapping agricultural drones through a partnership with Chia Tai Co., Ltd.Hong Kong SAR:Inaugurated Hong Kong's first operational smart battery-swapping station and plans to build, install and operate a total of 50 stations, and deploy 300 battery-swapping vehicles.Southern Europe:Joint venture with ANTRAL to deliver battery-swapping stations serving 150-200 electric vehicles for taxi drivers.Initial €540,000 sales agreement with Polestar Energy S.L. for the deployment of twenty battery-swapping electric vans and a supporting station in Italy; potential expansion across Spain, Portugal, and Albania.Latin America:Mexico: Strategic partnership to deploy battery-swapping vehicles for ride-hailing services.Peru: Pilot project of two/three-wheeled vehicles for Treep Mobility Group S.A.C.; sold and delivered 50 two- and three-wheeled vehicles, eight battery-swapping cabinets a...