U Power
Provides modular battery-swapping stations, controls, and data services for commercial electric vehicles.
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Profile
Sells battery-swapping stations and earns service and sourcing fees through its UOTTA platform for commercial electric vehicles. Operations combine station assembly, control and data systems, and manufacturer partnerships because only compatible vehicles can use the network.
Combines UOTTA-compatible battery-swapping stations, controls, a data-management platform, and swapping services for commercial electric vehicles. Titan serves heavy trucks; Chipbox targets light trucks, logistics vehicles, ride-hailing cars, and taxis. Station product sales remain the primary revenue source, alongside vehicle-sourcing commissions and swapping services.
Works with OEM partners to adapt vehicle models rather than manufacturing whole vehicles. At its Zibo factory, procured components are assembled into stations while the company supplies control and data capabilities; stations can be sold to customers or operated under service arrangements. China remains its asset and engineering base, with activity extending to Thailand, Hong Kong, Southern Europe, and Peru.
Depends on compatible EV models, fleet adoption, station availability, partners, and local approvals because no unified battery standard exists. The publicly traded shares are in a Cayman holding company, while material operations are conducted through subsidiaries.
Company facts
Categories
Key statistics
Year to date −95.8% · Average volume (30d) 611.0K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 15, 2026 | — | −$13.19 | — | $3.8M | $3.4M | −10.5% | +0.77% |
| Oct 10, 2025 | — | −$0.69 | — | $4.0M | $2.5M | −37.5% | −2.94% |
| May 15, 2025 | — | −$1.31 | — | — | $4.3M | — | +0.33% |
| Aug 21, 2024Q2 FY24 | — | −$2.62 | — | — | $1.8M | — | −1.23% |
Financial highlights
| 12 quarters | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $294.8K | $2.6M | $2.0M | $4.6M | $363.6K | $488.6K | |
| Gross profit | −$432.7K | — | — | $1.4M | $53.4K | $79.3K | |
| Operating income | −$3.2M | −$2.1M | −$4.0M | −$4.7M | −$358.1K | −$852.3K | |
| Net income | −$539.1K | −$2.3M | −$3.5M | −$3.6M | −$451.2K | −$975.8K | |
| Diluted EPS | −$106.68 | −$185.54 | −$283.30 | −$142.99 | −$74.10 | −$13.72 | |
| Gross margin | -146.8% | — | — | 29.5% | 14.7% | 16.2% | |
| Operating margin | -1,082.9% | -80.5% | -200.1% | -101.6% | -98.5% | -174.4% |
Revenue by product · FY25
Balance sheet, Dec 31, 2025Cash & short-term investments $3.3M · Total debt $3.7M · Total assets $56.4M · Shareholders' equity $40.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 44.2K · Float 38.0K · 86.1% free float
Insiders — filings are in another share unit.
The Form 4 positions here total more than the shares outstanding, so the filings and the share count are not on the same basis — usually an unlisted unit behind the listed one — and no insider percentage is shown.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 6, 2026 | Li Jia | director, officer: Chief Executive Officer | +1,829,269 | $1.64 |
Peers
- NIO (ADR)
Passenger-EV battery swapping and BaaS network competition.
- Gogoro
Two-wheel battery-swap hardware, subscriptions, and cloud platform overlap.
