U POWER Tech Revenue and Competitors

U POWER helps customers build white-labeled electric vehicles with our rolling chassis technology, integrating the world's most comprehensive and most cost-competitive EV supply chain; we enable our customers to build customized and localized EVs cheaper, faster, and with higher quality.\n\nEstablished simultaneously in Shanghai and Silicon Valley in early 2021, U POWER Tech brings together top-tier teams and talents from traditional OEMs, new auto players, internet technology companies, and experts from both Eastern and Western cultures. As an inherently global company, U POWER Tech is deepening its \GLOCAL\ development strategy: by integrating the world's most comprehensive and the most competitive electric vehicle supply chains through skateboard chassis, it enables scenario owners worldwide to build vehicles locally at a faster pace and lower cost.\n\nAt the 2024 CES in the United States, U POWER Tech delivered the first batch of skateboard chassis products, the U POWER Super Board, to emerging electric vehicle manufacturers in the United States. U POWER Tech has also signed cooperation agreements with electric vehicle and energy companies in Japan, the Southeast Asia, and Europe, aiming to gradually introduce \Powered by U POWER\ electric vehicle skateboard chassis, complete vehicle products, and corresponding energy services in multiple regional markets globally, empowering local businesses to undergo comprehensive electrification transformation. \nThe first complete vehicle product, UP VAN, tailored for urban logistics scenario, will be delivered in the second half of 2024.