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U Power Ltd (NASDAQ:UCAR) saw activity in after-hours trading on Tuesday, falling by 19.72% to $0.092 following the company’s announcement of a share consolidation. UCAR closed the regular session at $0.11, down 11.98%, according to market data.
Overview
U Power, a Cayman Islands company based in Wuhu City, China, provides electric vehicle (EV) battery-swapping solutions. Its UOTTA™ platform allows the company to manufacture and operate battery-swapping stations, sell or rent battery cabinets to vehicle drivers, and upgrade station control systems. The company is also investing in next-generation technology to build intelligent energy ecosystems and turn EVs into dynamic energy assets.
Share Consolidation Set to Reshape UCAR Stock
U Power is combining every …
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