U Power Reports Unaudited Financial Results for the First Half of 2026
U Power Limited (Nasdaq: UCAR) reported H1 2026 results: revenue fell 16.5% to RMB14.8M, gross profit dropped 56.8% to RMB3.6M, and net loss widened to RMB97.6M. Cash increased to RMB54.9M. CEO Jia Li noted progress in battery-swapping projects in Thailand and Hong Kong, and plans to focus on project conversions and AI-driven energy solutions.

