U Power’s net loss more than triples to RMB 97.61 million for six months ended June 30, 2026
UCAR•U Power’s net loss more than tripled to RMB 97.61 million for the six months ended June 30, 2026, while revenue fell 17% to RMB 14.8 million. The company reported that liquidity conditions raised substantial doubt about its ability to continue operations.
1. Six-month results
U Power’s net loss more than tripled year over year to RMB 97.61 million for the six months ended June 30, 2026. Total net revenues fell 17% to RMB 14.8 million, general and administrative expenses more than doubled to RMB 64.24 million, and net cash used in operating activities rose to RMB 192.06 million. The company said liquidity conditions raised substantial doubt about its ability to continue operations.
