U Power releases unaudited financial results for first half of 2026
Electric vehicle technology provider U Power reported cash reserves of 54.9 million RMB as of June 30, 2026.
U Power Limited (Nasdaq: UCAR) has released its unaudited financial report for the first six months of 2026. As of June 30, the Shanghai-based company reported cash and cash equivalents totaling 54.9 million RMB, or approximately 8.1 million USD.
The firm’s working capital was reported at 123.3 million RMB, equivalent to 18.2 million USD. These metrics provide insight into the company’s current liquidity as it navigates the competitive electric vehicle sector.
The EV industry continues to face significant pressure regarding infrastructure rollout and capital expenditure. U Power’s financial stability remains a focal point for investors assessing the company's long-term sustainability in the charging technology and battery-swapping market.