U Power (UCAR) said  on Tuesday it priced a $16M private placement of 9.76M Class A ordinary shares at $1.64 per share to four existing shareholders. – The offering closed on Aug. 3, after approval by the company’s board. – Net proceeds will be used to primarily fund hydrogen…
ergy projects for data centers in Thailand and the expansion of the company’s battery-swapping operations overseas. – Shares -2.48%