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May 21, 2026 12:30 AM

U Power (UCAR) Stock Is Trending Overnight — Here's Why It Spiked Over 27% In After-Hours Session

U Power Ltd. (NASDAQ:UCAR) shares surged 27.21% to $1.73 in the after-hours session on Thursday following multiple Securities and Exchange Commission filings submitted by company officials.

What You Should Know

A Thursday SEC filing revealed CEO Jia Li purchased over 1.8 million Class A ordinary shares at $1.64 apiece on May 6, totaling approximately $3 million.

The buy was a direct open-market purchase, not a stock grant or award, suggesting strong insider conviction in the company. Li also holds shares indirectly through three British Virgin Islands-registered entities he fully owns.

On the same day, three company executives, Chief Financial Officer Bingyi Zhao, Director Quanshi Chen and Xiaochun Li, filed ...