U Power Announces First Half of 2024 Financial Results
U Power Limited - Class A Ordinary Shares (UCAR)
Company Research
Source: PR Newswire
SHANGHAI, Oct. 8, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced its financial results for the six months ended June 30, 2024.Mr. Jia Li, Chief Executive Officer and Chairman of the Board of Directors of the Company, commented, "In the first half of fiscal year 2024, our business achieved 595.7% year-over-year revenue growth to reach RMB13.2 million. This growth stemmed from increased orders from both existing clients and new customers for our battery-swapping stations as the economy continued to gradually recover following the COVID-19 pandemic. We've been successful in transforming our vehicle sourcing business to provide EV battery power solutions in China. We believe that this shift has enhanced our competitiveness, and we expect it to expand our future revenue growth potential."Ms. Bingyi Zhao, Chief Financi
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News
- U Power and Ualabee Join Forces to Bring Innovative Battery-Swapping Solutions to South America's Ride-Hailing MarketPR Newswire
- U Power files to sell 629K Class A ordinary shares for holders [Seeking Alpha]Seeking Alpha
- U Power and Velo Labs Collaborate to Establish Asset Fund Trading Platform for Battery BanksPR Newswire
UCAR
Sec Filings
- 10/30/24 - Form F-3
- 10/22/24 - Form EFFECT
- 10/15/24 - Form SC
- UCAR's page on the SEC website