U Power Signs LOI with FTT Holding for $50M Investment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
0mins
Should l Buy UCAR?
U Power announced the signing of a Letter of Intent with FTT Holding Company, a US-based technology focused investment firm, for the establishment of a strategic Joint Venture aimed at accelerating the company's expansion in Southern Europe. Under the terms of the LOI, FTT Holding plans to invest up to $50M into the JV, once established. This capital infusion is expected to support U Power's strategic growth initiatives including its business expansion in Southern Europe, establishment of smart EV charging, battery-swapping and next-generation energy infrastructures.. In addition, U Power has entered into a Share Subscription Agreement with FTT Holding via the private placement of up to $10M Class A ordinary shares, which will be issued at a significant premium to the current trading price and with a 39-month lock up period. The Agreement is anticipated to be finalized in January 2026, is subject to customary closing conditions.
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Analyst Views on UCAR
Wall Street analysts forecast UCAR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UCAR is 4.00 USD with a low forecast of 4.00 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.360
Low
4.00
Averages
4.00
High
4.00
Current: 1.360
Low
4.00
Averages
4.00
High
4.00
About UCAR
U Power Ltd is a holding company primarily engaged in the provision of battery power solution for electric vehicles (EVs). The vehicle sourcing business is engaged in broker sales of vehicles between automobile wholesalers and buyers. The EV business is primarily engaged in the development and sales of UOTTA battery-swapping stations. The Company is also engaged in the provision of battery swapping services. The Company primarily conducts its businesses in domestic market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
U Power Launches Compliant Tokenized Assets on BNB Chain
- Tokenized Asset Launch: U Power successfully launched compliant tokenized real-world assets (RWA) on the BNB Chain, marking a significant milestone in the company's exploration of compliant blockchain frameworks, which is expected to drive the expansion of its battery swapping business.
- Market Expansion Strategy: The initiative will first be rolled out in the Southern European market, integrating AI-driven battery swapping and dynamic energy asset management systems to meet the high-frequency energy replenishment demands of commercial EV fleets, thereby enhancing market competitiveness.
- Strategic Partnership: U Power has formed a strategic joint venture with FTT Holding Company LLC., planning to invest up to $50 million to support the deployment of battery swapping infrastructure in Southern Europe, further solidifying its market position.
- Future Development Focus: The company plans to continue evaluating innovative yet compliant technologies to enhance the efficiency and flexibility of energy systems, believing that the convergence of AI and physical energy infrastructure will play a crucial role in the future of sustainable transportation and smart energy networks.
See More
U Power Launches Compliant Tokenized Assets on BNB Chain
- Tokenized Asset Launch: U Power successfully launched compliant tokenized real-world assets (RWA) on the BNB Chain, marking a significant milestone in the company's exploration of compliant blockchain frameworks, which is expected to drive strategic expansion in its battery swapping business.
- Market Expansion Strategy: The initiative will first be deployed in the Southern European market, integrating AI-driven battery swapping and dynamic energy asset management systems to meet the high-frequency energy replenishment demands of commercial electric vehicle (EV) fleets, thereby enhancing the company's competitiveness in global markets.
- Strategic Partnerships and Investment: U Power has entered into a strategic joint venture with FTT Holding Company LLC, planning to invest up to $50 million to support battery swapping infrastructure deployment in Southern Europe, demonstrating the company's strong confidence and resource commitment in emerging markets.
- Future Development Vision: Through tokenization technology, U Power aims to facilitate the evolution of energy service models, enhancing user interaction with infrastructure networks, which is expected to lay the groundwork for the future development of sustainable transportation and smart energy networks.
See More
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- Strategic Partnership: U Power's subsidiary U SWAP has partnered with Whale Logistics in Thailand to promote the deployment of commercial battery-swapping electric trucks, which is expected to accelerate adoption in Southeast Asian markets.
- Order Confirmation: U Power has secured an order for 1,000 battery-swapping electric vehicles, with the first 30 units scheduled for delivery in April 2026, laying a foundation for the company's expansion into emerging markets.
- Business Model Innovation: By establishing a replicable commercial model, U Power aims to promote its smart battery-swapping solutions in additional markets, enhancing its competitive edge and driving long-term growth.
- Market Strategy: This partnership marks the launch of U Power's long-term growth strategy in the Southeast Asian electric truck market, demonstrating the company's commitment to the region's increasing demand for electric transportation.
See More
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- Strategic Partnership Launch: U Power has signed a strategic partnership with Whale Logistics to deliver 1,000 battery-swapping electric trucks, with the first batch of 30 units scheduled for delivery in April 2026, marking the commencement of U Power's commercial operations in Thailand and laying the groundwork for broader industry adoption.
- Green Logistics Advancement: Through this collaboration, U Power will support Whale Logistics'
See More
U Power Forms Joint Venture with FTT Holding, Securing Up to $50 Million Investment
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- Capital Infusion: FTT Holding will also enter into a Share Subscription Agreement to purchase up to $10 million in Class A ordinary shares from U Power, expected to be issued at a significant premium with a 39-month lock-up period, further supporting the company's capital structure.
- Market Expansion: The joint venture will focus on establishing smart EV charging, battery-swapping, and next-generation energy infrastructures, which is anticipated to drive U Power's business growth in Southern Europe to meet the rising demand for electric vehicles.
- Long-term Vision: U Power's CEO Jonny Lee stated that this investment will strengthen collaboration, drive innovation, and enhance the company's influence in Europe, while creating long-term value for shareholders, reflecting the company's confidence in future development.
See More
U Power Expands Battery-Swapping Technology Globally, Reports 34.4% Revenue Growth in 2025
- International Market Expansion: In 2025, U Power successfully expanded its battery-swapping operations into several international markets, adapting to local transportation needs and infrastructure conditions, thereby enhancing accessibility and efficiency in electric mobility and driving the global transition to clean transportation.
- Technological Innovation Enhancement: The company continues to refine its UOTTA battery-swapping platform, improving swap speed and compatibility, while implementing a cloud-based monitoring system for real-time performance tracking, which is expected to further solidify U Power's position as an innovator in EV infrastructure.
- Significant Financial Performance Improvement: In the first half of 2025, U Power reported a 34.4% year-over-year increase in net revenues, driven by growing demand for green and sustainable transportation solutions, reflecting strong momentum and confidence in future growth in international markets.
- Strategic Partnership Outlook: U Power plans to accelerate market expansion and unlock new revenue channels through partnerships currently in advanced discussions, which are expected to further drive the company's innovation and market leadership.
See More
U Power Launches Compliant Tokenized Assets on BNB Chain
- Tokenized Asset Launch: U Power successfully launched compliant tokenized real-world assets (RWA) on the BNB Chain, marking a significant milestone in the company's exploration of compliant blockchain frameworks, which is expected to drive the expansion of its battery swapping business.
- Market Expansion Strategy: The initiative will first be rolled out in the Southern European market, integrating AI-driven battery swapping and dynamic energy asset management systems to meet the high-frequency energy replenishment demands of commercial EV fleets, thereby enhancing market competitiveness.
- Strategic Partnership: U Power has formed a strategic joint venture with FTT Holding Company LLC., planning to invest up to $50 million to support the deployment of battery swapping infrastructure in Southern Europe, further solidifying its market position.
- Future Development Focus: The company plans to continue evaluating innovative yet compliant technologies to enhance the efficiency and flexibility of energy systems, believing that the convergence of AI and physical energy infrastructure will play a crucial role in the future of sustainable transportation and smart energy networks.
See More
U Power Launches Compliant Tokenized Assets on BNB Chain
- Tokenized Asset Launch: U Power successfully launched compliant tokenized real-world assets (RWA) on the BNB Chain, marking a significant milestone in the company's exploration of compliant blockchain frameworks, which is expected to drive strategic expansion in its battery swapping business.
- Market Expansion Strategy: The initiative will first be deployed in the Southern European market, integrating AI-driven battery swapping and dynamic energy asset management systems to meet the high-frequency energy replenishment demands of commercial electric vehicle (EV) fleets, thereby enhancing the company's competitiveness in global markets.
- Strategic Partnerships and Investment: U Power has entered into a strategic joint venture with FTT Holding Company LLC, planning to invest up to $50 million to support battery swapping infrastructure deployment in Southern Europe, demonstrating the company's strong confidence and resource commitment in emerging markets.
- Future Development Vision: Through tokenization technology, U Power aims to facilitate the evolution of energy service models, enhancing user interaction with infrastructure networks, which is expected to lay the groundwork for the future development of sustainable transportation and smart energy networks.
See More
U Power Partners with Whale Logistics to Deploy 1,000 Battery-Swapping Electric Trucks in Thailand
- Strategic Partnership: U Power's subsidiary U SWAP has partnered with Whale Logistics in Thailand to promote the deployment of commercial battery-swapping electric trucks, which is expected to accelerate adoption in Southeast Asian markets.
- Order Confirmation: U Power has secured an order for 1,000 battery-swapping electric vehicles, with the first 30 units scheduled for delivery in April 2026, laying a foundation for the company's expansion into emerging markets.
- Business Model Innovation: By establishing a replicable commercial model, U Power aims to promote its smart battery-swapping solutions in additional markets, enhancing its competitive edge and driving long-term growth.
- Market Strategy: This partnership marks the launch of U Power's long-term growth strategy in the Southeast Asian electric truck market, demonstrating the company's commitment to the region's increasing demand for electric transportation.
See More
U Power Partners with Whale Logistics for 1,000 Electric Truck Agreement
- Strategic Partnership Launch: U Power has signed a strategic partnership with Whale Logistics to deliver 1,000 battery-swapping electric trucks, with the first batch of 30 units scheduled for delivery in April 2026, marking the commencement of U Power's commercial operations in Thailand and laying the groundwork for broader industry adoption.
- Green Logistics Advancement: Through this collaboration, U Power will support Whale Logistics'
See More
U Power Forms Joint Venture with FTT Holding, Securing Up to $50 Million Investment
- Strategic Partnership: U Power has signed a Letter of Intent with FTT Holding to establish a joint venture, with FTT Holding planning to invest up to $50 million to accelerate U Power's expansion in Southern Europe, enhancing its market competitiveness.
- Capital Infusion: FTT Holding will also enter into a Share Subscription Agreement to purchase up to $10 million in Class A ordinary shares from U Power, expected to be issued at a significant premium with a 39-month lock-up period, further supporting the company's capital structure.
- Market Expansion: The joint venture will focus on establishing smart EV charging, battery-swapping, and next-generation energy infrastructures, which is anticipated to drive U Power's business growth in Southern Europe to meet the rising demand for electric vehicles.
- Long-term Vision: U Power's CEO Jonny Lee stated that this investment will strengthen collaboration, drive innovation, and enhance the company's influence in Europe, while creating long-term value for shareholders, reflecting the company's confidence in future development.
See More
U Power Expands Battery-Swapping Technology Globally, Reports 34.4% Revenue Growth in 2025
- International Market Expansion: In 2025, U Power successfully expanded its battery-swapping operations into several international markets, adapting to local transportation needs and infrastructure conditions, thereby enhancing accessibility and efficiency in electric mobility and driving the global transition to clean transportation.
- Technological Innovation Enhancement: The company continues to refine its UOTTA battery-swapping platform, improving swap speed and compatibility, while implementing a cloud-based monitoring system for real-time performance tracking, which is expected to further solidify U Power's position as an innovator in EV infrastructure.
- Significant Financial Performance Improvement: In the first half of 2025, U Power reported a 34.4% year-over-year increase in net revenues, driven by growing demand for green and sustainable transportation solutions, reflecting strong momentum and confidence in future growth in international markets.
- Strategic Partnership Outlook: U Power plans to accelerate market expansion and unlock new revenue channels through partnerships currently in advanced discussions, which are expected to further drive the company's innovation and market leadership.
See More
