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U Power Limited (UCAR) is a manufacturing and production company in the standard commercial power equipment industry, based in Wuhu, China, with about 86 full-time employees.
It reported revenue of 44.29 million CNY for fiscal year 2024, up 124.1% from fiscal year 2023, and net income of -47.92 million CNY. Its largest business segment, Product, brought in 97% of segment revenue in fiscal year 2025. Its market capitalization was $7.56 million as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2024; market data as of October 9, 2026.
U Power Limited, together with its subsidiaries, develops, manufactures, and sells new energy vehicles and battery swapping stations in the People's Republic of China and internationally. It also provides battery swapping and sourcing, as well as technical and consultation services.
U Power reported 44.29 million CNY in revenue for fiscal year 2024, up 124.1% from 19.76 million CNY in fiscal year 2023.
Product, with 36.63 million CNY or 97% of segment revenue in fiscal year 2025. Next: Service (3%).
$7.56 million as of October 9, 2026.
Listed companies of a similar size in the same industry (standard commercial power equipment) include Xchg Limited (XCH), Turbo Energy, S.a. (TURB), Flux Power Holdings, Inc. (FLUX), ESS Tech, Inc. (GWH).