U Power IPO Presentation Deck

Key Milestones 2013 Our subsidiary, Anhui Yousheng New Energy, was established in Shanghai Since our commencement, we have principally engaged in the provision of vehicle sourcing services 2020 2021 We started cooperating with major automobile manufactures to jointly develop UOTTA-powered EVs by adapting selected EV models with our UOTTA technology • We started to generate revenue from sales of battery swapping stations In August 2021, we completed the construction of our own battery-swapping station factory in Zibo City, Shandong Province • We gradually shifted our focus from the vehicle sourcing business to the development of our proprietary battery- swapping technology, or UOTTA technology LENZAR 优品车集团 2022 • Our Zibo factory commenced manufacturing UOTTA battery- swapping stations in January 2022 We started operating a battery-swapping station, pursuant to our station cooperation agreement with Quanzhou Xinao in Quanzhou City, Fujian Province Note: There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid and there is a risk of loss 9

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