EV Battery Stock Soars Over 60% Premarket: Launches Battery Swapping Commercial Operation

In an electrifying announcement that has sent shockwaves through the stock market, U Power (NASDAQ: UCAR) revealed its plans to launch commercial operations for its innovative electric vehicle (EV) battery swapping system. This groundbreaking development is set to commence in Wuhu, China, with shares surging 75% to $8.25 in premarket trading as the news broke. Seeking Alpha provides an in-depth look at this pivotal moment in the EV industry.