U Power IPO Presentation Deck

Company Overview I Vehicles Sourcing Business ● 102 suppliers and 165 customers primarily located in lower-tier cities in China 1 Battery Swapping Technology 14 issued patents and 24 pending patent applications ² ● GMV of RMB1.26 million in 2021 with YoY growth of 1,473.8% Strategic cooperation with FAW Jiefang Qingdao and HUBEI TRI- RING to jointly develop UOTTA- powered EVS € B Vehicles Battery Swapping Technology 2 Battery Swapping Station Battery Swapping Station Battery Swapping Station ● LENZAR 优品车集团 Titan model - for electric heavy trucks Chipbox model - for ride-hailing passenger EVs, light electric trucks, and small logistics vehicles Manufacturer Factory Zibo Factory - production capacity of 180 to 250 units per year Wuhu factory - expected to commence production in 2023 with production capacity of 120 to 200 units per year Note: 1. For fiscal year 2021 2. As of March 8, 2023 There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid and there is a risk of loss 8

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