U Power Signs LOI with FTT Holding for $50M Investment
U Power announced the signing of a Letter of Intent with FTT Holding Company, a US-based technology focused investment firm, for the establishment of a strategic Joint Venture aimed at accelerating the company's expansion in Southern Europe. Under the terms of the LOI, FTT Holding plans to invest up to $50M into the JV, once established. This capital infusion is expected to support U Power's strategic growth initiatives including its business expansion in Southern Europe, establishment of smart EV charging, battery-swapping and next-generation energy infrastructures.. In addition, U Power has entered into a Share Subscription Agreement with FTT Holding via the private placement of up to $10M Class A ordinary shares, which will be issued at a significant premium to the current trading price and with a 39-month lock up period. The Agreement is anticipated to be finalized in January 2026, is subject to customary closing conditions.
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- On-Demand Viewing: Presentations from the AI & Technology Virtual Investor Conference held on February 19, 2026, are now available for on-demand viewing for 90 days, enhancing accessibility for investors seeking information.
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- Investor Conference Participation: U Power is set to present at the OTC Markets AI & Technology Investor Conference on February 19, 2026, where it will showcase innovations in intelligent transportation and energy grids, along with hosting one-on-one meetings with investors from February 19-24.
- Technological Evolution: The company has transitioned from a distributor of battery-swapping stations to a provider of AI-integrated energy solutions, leveraging its proprietary UOTTA™ technology to optimize the connection between electric vehicles and energy infrastructure, enhancing both mobility and grid performance.
- Intelligent Ecosystem Development: U Power is building intelligent ecosystems through investments in next-generation technologies, utilizing AI-driven solutions to transform electric vehicles into dynamic energy assets, thereby achieving peak and off-peak energy load balancing and improving energy replenishment efficiency.
- Future Outlook: The company emphasizes the potential of its AI-integrated solutions to support autonomous EV driving, optimize energy management, and seamlessly connect with advanced AI-powered transportation systems, driving sustainable development in the future.
- Conference Schedule: U Power is set to present at the OTC Markets AI & Technology Investor Conference on February 19, 2026, at 11:00 AM ET, and will host one-on-one meetings with investors from February 19-24, showcasing its advancements in intelligent transportation and energy grid solutions.
- Technological Evolution: Transitioning from a distributor of battery-swapping stations, U Power has evolved into a provider of AI-integrated energy solutions, leveraging its proprietary UOTTA™ technology to optimize the connection between electric vehicles and advanced energy infrastructure, thereby enhancing mobility and grid performance.
- Intelligent Ecosystem Development: By investing in next-generation technologies, U Power is building intelligent ecosystems that integrate AI-driven solutions, transforming electric vehicles into dynamic energy assets that support autonomous driving and optimize energy replenishment efficiency, facilitating peak and off-peak load balancing.
- Investor Relations: U Power encourages investors to register for meetings through its website to stay updated on the latest company developments and technological advancements, further enhancing engagement and transparency with its investor base.
- Tokenized Asset Launch: U Power successfully launched compliant tokenized real-world assets (RWA) on the BNB Chain, marking a significant milestone in the company's exploration of compliant blockchain frameworks, which is expected to drive the expansion of its battery swapping business.
- Market Expansion Strategy: The initiative will first be rolled out in the Southern European market, integrating AI-driven battery swapping and dynamic energy asset management systems to meet the high-frequency energy replenishment demands of commercial EV fleets, thereby enhancing market competitiveness.
- Strategic Partnership: U Power has formed a strategic joint venture with FTT Holding Company LLC., planning to invest up to $50 million to support the deployment of battery swapping infrastructure in Southern Europe, further solidifying its market position.
- Future Development Focus: The company plans to continue evaluating innovative yet compliant technologies to enhance the efficiency and flexibility of energy systems, believing that the convergence of AI and physical energy infrastructure will play a crucial role in the future of sustainable transportation and smart energy networks.
- Tokenized Asset Launch: U Power successfully launched compliant tokenized real-world assets (RWA) on the BNB Chain, marking a significant milestone in the company's exploration of compliant blockchain frameworks, which is expected to drive strategic expansion in its battery swapping business.
- Market Expansion Strategy: The initiative will first be deployed in the Southern European market, integrating AI-driven battery swapping and dynamic energy asset management systems to meet the high-frequency energy replenishment demands of commercial electric vehicle (EV) fleets, thereby enhancing the company's competitiveness in global markets.
- Strategic Partnerships and Investment: U Power has entered into a strategic joint venture with FTT Holding Company LLC, planning to invest up to $50 million to support battery swapping infrastructure deployment in Southern Europe, demonstrating the company's strong confidence and resource commitment in emerging markets.
- Future Development Vision: Through tokenization technology, U Power aims to facilitate the evolution of energy service models, enhancing user interaction with infrastructure networks, which is expected to lay the groundwork for the future development of sustainable transportation and smart energy networks.








