U Power Limited announced a net loss of RMB97.6 million (US$14.4 million) for the first half of 2026, driven by expenses related to overseas expansion, investment evaluations, and credit loss provisions. Total net revenues fell 16.5% to RMB14.8 million due to delayed vehicle deliveries and lower sales of battery-swapping stations, though battery-swapping service revenue grew 30.2%. The company advanced key projects in Thailand and Hong Kong, including battery-swapping trucks and taxi stations, and expanded into AI-driven energy management for data centers through a joint venture. U Power aims to convert its project pipeline into recurring revenue and diversify into sustainable mobility and energy solutions in the second half of 2026.
U Power Limited reported a net loss of RMB97.6 million (US$14.4 million) for the first half of 2026, amid efforts to expand overseas and develop new energy projects. For readers following Industrials-sector US stocks on Pluang, here is the market snapshot as of Nov 07, 2026 03:21 WIB: out of 135 priced stocks, 80 rose and 54 fell. Notable gainers included MasTec Inc (MTZ) at USD 173.84 with a 9.37% increase and 78% buy order activity, Geo Group Inc (GEO) at USD 27.34 up 8.62%, and Planet Labs (PL) at USD 12.35 also up 8.62%.
Arcutis Biotherapeutics awarded 58,500 restricted stock units and options for 17,000 shares to six new employees as an inducement to join the company. The grants, approved under Nasdaq Listing Rule 5635(c)(4), vest over four years with specific sched...
The music duo for KING + COUNTRY released the Drummer Boy (Original Motion Picture Soundtrack) to coincide with the nationwide launch of their Christmas film DRUMMER BOY. The soundtrack features original songs by Joel and Luke Smallbone, reimagined C...
HMG Strategy is holding its first Tennessee C-Level Technology Leadership Summit on November 13 at W Nashville, bringing together CIOs, CISOs, CTOs, and senior tech executives from across Tennessee and the Mid-South. The summit will focus on AI, cybe...
Two large transfers of Tether USDt (USDT) totaling over 81 million tokens were recorded moving from unidentified wallets to Coinbase in early November. On November 1, 40 million USDT moved to Coinbase, followed by a 41,048,700 USDT transfer on Novemb...
OpenAI has raised $11 billion so far in a new funding round valuing the company at $1.25 trillion, with the round expected to close at around $20 billion. This funding round is smaller than the initially targeted $30 billion. The AI market faces unce...
