U Power Ltd. is a holding company, which engages in the provision of vehicle sourcing. The company is headquartered in Shanghai, Shanghai and currently employs 80 full-time employees. The company went IPO on 2023-04-20. 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 firm is also engaged in the provision of battery swapping services. The firm primarily conducts its businesses in domestic market.