U Power (UCAR) InvestorPlace·2024-04-08 12:19Group 1 - U Power (NASDAQ:UCAR) is set to launch its commercial battery swap service in Wuhu, Anhui Province, China, targeting approximately 800 customers through 60 service points [1] - The CEO of U Power, Jia Li, highlighted that vehicles using battery-swapping have significantly higher average daily mileage compared to those using traditional charging, indicating improved efficiency for customers [1] - Following the announcement, UCAR stock experienced a significant increase of 69.2% as of Monday morning, with trading volume exceeding 4.7 million shares, far above the daily average of about 315,000 shares [2] Group 2 - The launch of the battery swap service has generated excitement among investors, contributing to the notable rise in stock price and trading activity [2]