U Power enters subscription agreements for offshore sale of Class A ordinary shares
The company expects $3.19 million in gross proceeds, approved by its board, to fund market expansion and deployment of proprietary battery-swapping solutions
U Power Ltd., a provider of AI-integrated solutions for next-generation energy grids and intelligent transportation systems, announced that it has entered into subscription agreements with seven purchasers for the sale of 2,900,000 Class A Ordinary Shares at $1.10 per share.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
