U Power Ltd (UCAR) News & EventsUCARU Power Ltd

U Power Files to Sell 2.78M Class A Ordinary Shares

U Power files to sell 2.78M Class A ordinary shares for holders

U Power Signs Agreement for 100MW Data Center Development

U Power's controlled joint venture Hydro Data, CEWA Group and Jiangsu Guofu Hydrogen Energy have entered into an agreement to develop an integrated energy solution for a 100MW data center project in Rayong, Thailand. The Hydro Data JV agreement was entered into in April to establish a U Power-controlled joint venture aimed at providing AI-driven energy management solutions for data centers, initially in Thailand, and with plans for global expansion. The company expects to establish a Thailand-based subsidiary by July 31 and commence operations of the Hydro Data JV within 90 days thereafter. The project features a phased deployment structure, beginning with a 3MW pilot project to validate technology and economics and establish a framework for deploying integrated hydrogen-based and clean energy solutions for large-scale digital infrastructure, with potential to scale to 100MW.