U-Car is a Chinese technology company that develops and sells battery-swapping infrastructure for electric vehicles. The company’s core business centers on its UOTTA platform, which allows commercial EV operators to replace depleted battery packs with fully charged ones in minutes. This technology targets ride-hailing drivers and logistics companies to eliminate long charging times and address range anxiety. U-Car makes money primarily by selling battery-swapping stations to third-party owners, such as gas station operators and transportation firms. The company also earns recurring revenue by operating its own stations and charging service fees for each swap. To support its infrastructure, U-Car co-develops compatible EVs with manufacturers like FAW Jiefang Qingdao and Hubei Tri-Ring Motor. Because UOTTA stations only support compatible vehicles, the company's model relies on building a closed ecosystem of vehicles and stations. U-Car’s strategy involves expanding its list of compatible vehicle models, scaling its station network within China, and pursuing international growth through projects like its joint venture in Thailand. While U-Car maintains a legacy vehicle brokerage business that connects wholesalers with small dealers, this segment is no longer a core focus as the company prioritizes its EV technology and infrastructure operations.