U Power Flat Despite Copping Impact Award
U Power Limited (NASDAQ: UCAR) were little changed Tuesday. The Shanghai-based company, a provider of comprehensive electric vehicle (EV) battery-swapping solutions with a vision of becoming a smart energy grid solutions provider, today announced that it has received the Beyond Impact Award at the 5th BEYOND International Technology Innovation Expo, held last weekend in Macau.
The BEYOND Expo is Asia's largest gathering of cutting-edge technology companies and the world's foremost tech leaders and pioneering minds under the theme "Empowering Asia, Bridging the World." More than 800 companies exhibited this year, covering a wide range of sectors from AI, HealthTech, Clean Energy and Robotics to Lifestyle Tech, SportsTech, FinTech and more.
The Beyond Impact Award, received by U Power for its advanced battery-swapping comprehensive ecosystem, recognizes companies with substantial contributions to the environment, society, economy, and technology, aligning with the UN's Sustainable Development Goals. This award is part of the broader BEYOND Awards which acknowledges innovations driving meaningful change, and positive impact on society.
CEO Johnny Lee, commented, "We are honored that our UOTTA-based solutions have been recognized by industry experts at this international expo. The receipt of the Beyond Impact Award is an acknowledgement of our efforts into creating a more sustainable world.
“Our UOTTA battery-swapping and charging ecosystem for EVs enhances driving efficiency, optimizes route planning, and plays a crucial role in supporting the widespread adoption of EVs.”
UCAR shares dipped two cents to $2.96.
