U Power and FTT Holding Form Joint Venture to Expand in Southern Europe

Reuters12-16

U Power and FTT Holding Form Joint Venture to Expand in Southern Europe

U Power Ltd., a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems, has announced plans to establish a strategic joint venture with FTT Holding Company LLC, a US-based technology-focused investment firm. As part of this collaboration, FTT Holding intends to invest up to $50 million into the joint venture to accelerate U Power's expansion in Southern Europe, focusing on smart EV charging, battery-swapping, and next-generation energy infrastructure. Additionally, U Power has entered into a Share Subscription Agreement with FTT Holding for a private placement of up to $10 million in Class A ordinary shares, to be issued at a significant premium and subject to a 39-month lock-up period. Further details about the joint venture and the agreement will be disclosed at a later date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. U Power Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN48421) on December 16, 2025, and is solely responsible for the information contained therein.

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