--- title: "U Power Raises $25.7 Million to Accelerate Global Hydrogen and Battery-Swapping Expansion" type: "News" locale: "en" url: "https://longbridge.com/en/news/284412386.md" description: "U Power Limited has raised $25.7 million through a private placement of 15,670,737 Class A shares at $1.64 each, with notable investments from Fortune Light Assets Ltd and Guofu Hydrogen Energy. The funds will be used to expand hydrogen energy solutions in Thailand and support battery-swapping projects in Southeast Europe and Hong Kong. The company aims to accelerate its international growth strategy in the EV and energy infrastructure markets. Analysts rate UCAR stock as a Buy with a $2.00 price target, though concerns about profitability and cash flow persist." datetime: "2026-04-28T14:42:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284412386.md) - [en](https://longbridge.com/en/news/284412386.md) - [zh-HK](https://longbridge.com/zh-HK/news/284412386.md) --- # U Power Raises $25.7 Million to Accelerate Global Hydrogen and Battery-Swapping Expansion ### Claim 55% Off TipRanks - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks U Power Limited ( (UCAR) ) has issued an announcement. On April 27, 2026, U Power Limited entered into subscription agreements with ten non-U.S. investors to sell 15,670,737 Class A ordinary shares at $1.64 each, raising gross proceeds of $25.7 million in a Regulation S private placement. The deal, approved by the board and expected to close around April 27–28, 2026, includes founder and CEO Johnny Lee’s $3 million related-party subscription, which received audit committee approval. Notable investors include Fortune Light Assets Ltd, linked to Thailand’s CP Group, and Guofu Hydrogen Energy (Hong Kong) Development Co., Limited, which subscribed for $2.0 million and $3.6 million respectively, underscoring strategic ties in Southeast Asia and hydrogen technology. U Power plans to deploy the funds to expand hydrogen energy solutions for intelligent data centers in Thailand via a joint venture and to support overseas rollout of its battery-swapping projects in Thailand, Southern Europe and Hong Kong SAR, signaling an acceleration of its international growth strategy and deepening presence in next-generation EV and energy infrastructure markets. The most recent analyst rating on (UCAR) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on U Power Limited stock, see the UCAR Stock Forecast page. **Spark’s Take on UCAR Stock** According to Spark, TipRanks’ AI Analyst, UCAR is a Neutral. The score is held back primarily by ongoing unprofitability and weak cash flows despite strong revenue growth. Technicals are mixed with only modest near-term momentum and a weaker longer-term trend. Valuation is also constrained by the negative P/E and lack of dividend yield data. To see Spark’s full report on UCAR stock, click here. **More about U Power Limited** U Power Limited is a Shanghai-based provider of AI-integrated energy solutions that connect electric vehicles with advanced energy infrastructure, targeting smart energy grids and intelligent transportation systems. The company originated as a distributor of modular UOTTA battery-swapping stations and has evolved into building ecosystems that turn EVs into dynamic energy assets for grid balancing and autonomous driving support. **Average Trading Volume:** 13,080,516 **Technical Sentiment Signal:** Sell **Current Market Cap:** $4.04M For a thorough assessment of UCAR stock, go to TipRanks’ Stock Analysis page. ### Related Stocks - [UCAR.US](https://longbridge.com/en/quote/UCAR.US.md) ## Related News & Research - [U Power CEO Jia Li acquires 1,829,269 shares for $3 million](https://longbridge.com/en/news/287113230.md) - [U Power files initial beneficial ownership statement for CEO, director Jia Li](https://longbridge.com/en/news/287112679.md) - [FuelCell Energy Leads Hydrogen Stocks Lower. Here's Why](https://longbridge.com/en/news/286936264.md) - [Heat and EVs could save European households thousands and blunt energy shocks, report finds](https://longbridge.com/en/news/287109769.md) - [U Power files initial beneficial ownership statement for CFO, director Bingyi Zhao](https://longbridge.com/en/news/287112670.md)