U Power Limited released its unaudited financial results for the first half of 2026 on 7 November 2026. The Shanghai‑based company reported cash and cash equivalents of RMB 54.9 million, roughly US 8.1 million, as of 30 June 2026. Its working capital stood at RMB 123.3 million, or about US 18.2 million. U Power describes itself as a provider of electric‑vehicle battery‑swapping solutions that rely on its proprietary UOTTA™ technology. The release also noted the firm’s ongoing expansion into artificial‑intelligence‑integrated offerings.