{"filing": {"accession": "0001213900-26-057792", "cik": "0001939780", "ticker": "UCAR", "company_name": "U Power Ltd", "form_type": "20-F", "filing_type": "20-F", "filing_date": "2026-05-15", "accepted_datetime": null, "acceptance_datetime": null, "accepted_at": null, "primary_doc_url": "https://www.sec.gov/Archives/edgar/data/1939780/000121390026057792/0001213900-26-057792-index.htm", "filing_url": "https://www.sec.gov/Archives/edgar/data/1939780/000121390026057792/0001213900-26-057792-index.htm", "period_of_report": "2025-12-31"}, "html_url": "/api/filings/000121390026057792/stream", "exhibits": [], "sections": [{"section_name": "part_1", "section_title": "Part I", "start_position": 5293, "end_position": 6029}, {"section_name": "part_2", "section_title": "Part II", "start_position": 6029, "end_position": 6931}, {"section_name": "part_3", "section_title": "Part III", "start_position": 6931, "end_position": 694116}], "tables": [{"table_index": 0, "table_type": "text", "caption": null, "header_text": "Title of each classTrading Symbol(s)Name of each exchange on which registered"}, {"table_index": 1, "table_type": "text", "caption": null, "header_text": "Large accelerated filer\u2610Accelerated filer\u2610"}, {"table_index": 4, "table_type": "exhibit_index", "caption": null, "header_text": "INTRODUCTIONii"}, {"table_index": 29, "table_type": "text", "caption": null, "header_text": "December 31,"}, {"table_index": 127, "table_type": "text", "caption": null, "header_text": "\u25cfIf we fail to maintain our Nasdaq listing, we may face increased regulatory burdens and reduced investor protections on over-the-counter markets (see page 51 of this annual report);"}, {"table_index": 148, "table_type": "text", "caption": null, "header_text": "(i)Obtaining financial support and credit guarantees from\n major shareholders;"}, {"table_index": 258, "table_type": "text", "caption": null, "header_text": "For the year ended December 31"}, {"table_index": 274, "table_type": "text", "caption": null, "header_text": "CountryPatent\nNo.Patent\nNamePatentPublicationDatePatent\nTypePatentValidityPeriodPatentStatus"}, {"table_index": 276, "table_type": "text", "caption": null, "header_text": "PRCCN202222519831.2A\n Rotatable Heavy-Duty Vehicle Battery Swapping Station Hoist2023-01-17Utility\n Model Patent10\n yearsRegistered"}, {"table_index": 278, "table_type": "text", "caption": null, "header_text": "FunctionAs\n ofApril 1,2026"}, {"table_index": 279, "table_type": "text", "caption": null, "header_text": "LocationApproximateGross Floor Areain Square MetersPrimary\n UseLease\n or OwnLeaseExpiration Date"}, {"table_index": 304, "table_type": "financial", "caption": null, "header_text": "For\n the Years Ended December 31,"}, {"table_index": 306, "table_type": "financial", "caption": null, "header_text": "For\n the Years Ended December 31,"}, {"table_index": 307, "table_type": "financial", "caption": null, "header_text": "For\n the Years Ended December 31,"}, {"table_index": 310, "table_type": "financial", "caption": null, "header_text": "For the Years Ended December 31,"}, {"table_index": 316, "table_type": "financial", "caption": null, "header_text": "For\n the Years EndedDecember 31,"}, {"table_index": 318, "table_type": "text", "caption": null, "header_text": "As of December 31,"}, {"table_index": 320, "table_type": "financial", "caption": null, "header_text": "Payment due by period"}, {"table_index": 333, "table_type": "text", "caption": null, "header_text": "Directors and Executive OfficersAgePosition/Title"}, {"table_index": 336, "table_type": "text", "caption": null, "header_text": "FemaleMaleNon- BinaryDid NotDiscloseGender"}, {"table_index": 367, "table_type": "text", "caption": null, "header_text": "Class AOrdinarySharesClass BOrdinaryShares% ofBeneficialOwnership\u2020% ofAggregateVotingPower\u2020\u2020"}, {"table_index": 368, "table_type": "text", "caption": null, "header_text": "*Unless otherwise indicated,\n the business address of each of the individuals is 2F, Zuoan 88 A, Lujiazui, Shanghai, People\u2019s Republic of China."}, {"table_index": 371, "table_type": "text", "caption": null, "header_text": "(2)Represents 1,225 Class\n A Ordinary Shares held by U Battery Limited, a British Virgin Islands company 100% owned by Ms. Bingyi Zhao. The business address\n of Ms. Bingyi Zhao is 2F, Zuoan 88 A, Luji"}, {"table_index": 372, "table_type": "text", "caption": null, "header_text": "Names\n of the related partiesRelationship\n with the Group"}, {"table_index": 374, "table_type": "text", "caption": null, "header_text": "As ofDecember 31,2023As ofDecember 31,2024As ofDecember 31,2025"}, {"table_index": 381, "table_type": "text", "caption": null, "header_text": "As ofDecember 31,2023As ofDecember 31,2024As ofDecember 31,2025"}, {"table_index": 385, "table_type": "text", "caption": null, "header_text": "For the fiscal year endedDecember 31,"}, {"table_index": 404, "table_type": "financial", "caption": null, "header_text": "\u25cfan\n individual who is a citizen or resident of the United States;"}, {"table_index": 417, "table_type": "text", "caption": null, "header_text": "For the Years Ended December 31,"}, {"table_index": 422, "table_type": "exhibit_index", "caption": null, "header_text": "Exhibit\n No.Description"}, {"table_index": 424, "table_type": "financial", "caption": null, "header_text": "4.4English\n translation of Settlement Agreement by and between Zhejiang Youguan Automotive Service Co., Ltd. and WuYi Transportation Construction\n Investment Group Company Limited, dated June 13, 2023"}, {"table_index": 426, "table_type": "financial", "caption": null, "header_text": "4.20Form of Senior\n Secured Promissory Note (Incorporated by reference to Exhibit 10.2 to the Registrant\u2019s Report on Form 6-K filed to the Securities\n and Exchange Commission on December 3, 2025)"}, {"table_index": 430, "table_type": "text", "caption": null, "header_text": "U Power Limited"}, {"table_index": 432, "table_type": "financial", "caption": null, "header_text": "Page(s)"}, {"table_index": 436, "table_type": "financial", "caption": null, "header_text": "As of December 31,"}, {"table_index": 439, "table_type": "financial", "caption": null, "header_text": "For\n the years ended December 31,"}, {"table_index": 442, "table_type": "financial", "caption": null, "header_text": "Total"}, {"table_index": 445, "table_type": "financial", "caption": null, "header_text": "For the Years Ended December 31,"}, {"table_index": 448, "table_type": "text", "caption": null, "header_text": "EntityDate ofincorporation/acquisitionPlace ofincorporationPercentageof director indirectownershipby theCompanyPrincipal activities"}, {"table_index": 453, "table_type": "text", "caption": null, "header_text": "CategoryEstimateduseful life"}, {"table_index": 462, "table_type": "financial", "caption": null, "header_text": "For\n the Years Ended December 31,"}, {"table_index": 470, "table_type": "text", "caption": null, "header_text": "As\n of December 31,"}, {"table_index": 471, "table_type": "text", "caption": null, "header_text": "As\n of December 31,"}, {"table_index": 472, "table_type": "text", "caption": null, "header_text": "As\n of December 31,"}, {"table_index": 474, "table_type": "text", "caption": null, "header_text": "As\n of December 31,"}, {"table_index": 475, "table_type": "text", "caption": null, "header_text": "As of December 31,"}, {"table_index": 476, "table_type": "text", "caption": null, "header_text": "As\n of December 31,"}, {"table_index": 479, "table_type": "financial", "caption": null, "header_text": "As of December 31,"}, {"table_index": 480, "table_type": "financial", "caption": null, "header_text": "As\n of December 31,"}, {"table_index": 481, "table_type": "text", "caption": null, "header_text": "(iv)On March 31, 2023, the Company entered into a five-year loan agreement with Worthy Credit Limited (\u201cWorthy Credit\u201d), pursuant to which the Company provides a loan of $5,000to Worthy Credit bearing"}, {"table_index": 484, "table_type": "text", "caption": null, "header_text": "As\n of December 31,"}, {"table_index": 485, "table_type": "financial", "caption": null, "header_text": "Purchased softwareTotalTotal"}, {"table_index": 486, "table_type": "text", "caption": null, "header_text": "RMBUS$"}, {"table_index": 488, "table_type": "text", "caption": null, "header_text": "As of December 31,"}, {"table_index": 495, "table_type": "text", "caption": null, "header_text": "As\n of December 31,"}, {"table_index": 498, "table_type": "financial", "caption": null, "header_text": "As of December 31,"}, {"table_index": 503, "table_type": "financial", "caption": null, "header_text": "As of December 31,"}, {"table_index": 504, "table_type": "text", "caption": null, "header_text": "As\n ofDecember 31,2025"}, {"table_index": 506, "table_type": "text", "caption": null, "header_text": "Names of the related partiesRelationship with the Group"}, {"table_index": 507, "table_type": "text", "caption": null, "header_text": "As\n of December 31,2024As\n of December 31,2025As\n ofDecember 31,2025"}, {"table_index": 513, "table_type": "text", "caption": null, "header_text": "As\n of December 31,2024As\n of December 31,2025As\n ofDecember 31,2025"}, 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