U Power Limited Forms Strategic Cooperation Agreement with Quantum Solutions

(24/7 MARKET NEWS) – U Power Limited (NASDAQ:UCAR) stated, this morning, that it entered into a framework strategic cooperation agreement with Quantum Solutions Co., Japan’s only independent electric vehicle (“EV”) manufacturer listed on the Tokyo Stock Exchange, to develop business initiatives relating to marketing, research and development of new energy vehicles, financial technologies, battery banks, EV charging and battery-swapping operations and services in Japan.

U Power is trading at $3.87, up $0.76 (+24.44%), on 138.48K premarket shares traded.

Its 52-week range is $2.89 to $13.65. It’s a foreign based listing and it’s in a downward trend, so be extra nimble, but if this breaks through the resistance around $4, on strong trading volume, it could try to challenge its May 10 trading levels.

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