24/7 Market News Snapshot 05 May, 2025 – U Power Limited Class A Ordinary Shares (NASDAQ:UCAR)

May 5, 2025

DENVER, Colo., 05 May, 2025 (www.247marketnews.com) – (Nasdaq:UCAR) are discussed in this article.
U Power Limited (Nasdaq:UCAR), a prominent player in green smart energy solutions, is experiencing a notable surge in its stock value, reflecting robust investor interest. Today, shares commenced trading at $2.59 and have subsequently risen to $3.125, marking an increase of approximately 12.01% from the previous close of $2.790. Current trading volume stands at 505.87K shares, suggesting an engaged market. Analysts indicate that the stock is approaching key technical levels, with resistance identified at $3.20 and support at $2.80. A sustained breach of the resistance could catalyze further price increases, while a decline below the support threshold may indicate a potential trend reversal.

Simultaneously, U Power Limited is making significant strides in sustainable transportation. The company has partnered with Auto Drive EV Public Company Limited and Sumitomo Mitsui Auto Leasing & Service (Thailand) Co., Ltd. to launch a fleet of battery-swapping taxis in Phuket, marking a milestone in Southeast Asia’s electric vehicle (EV) sector. The fleet, which consists of 21 MG EP vehicles equipped with U Power’s proprietary UOTTA technology, enables a rapid three-minute battery exchange, enhancing operational efficiency for taxi operators while providing reliable service for passengers.

This initiative is particularly timely, aligning with regional policies that advocate for increased adoption of electric vehicles. U Power’s focus on establishing a comprehensive battery-swapping network is expected to not only improve local air quality but also pave the way for sustainable tourism in densely populated urban areas.

Johnny Lee, CEO of U Power Limited, underscored the strategic importance of the project, noting its potential to set industry standards in urban mobility solutions. The successful implementation of this battery-swapping taxi fleet signals a transformative step toward achieving a greener future for transportation in Southeast Asia, with plans for broader network expansions already in progress.

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