Quick Answer
U Power Ltd reported R&D Expense of $409.0 thousand for fiscal year 2024.
U Power Ltd R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $409.0K | -81.3% |
| 2023 | $2.18M | -76.6% |
| 2022 | $9.35M | +74.0% |
| 2021 | $5.37M | +4741.4% |
| 2020 | $111.0K | — |
- U Power Ltd showed a decrease of -81.3% in R&D Expense compared to the prior fiscal year.
- Over the 2020–2024 period, U Power Ltd’s r&d expense has grown by 268.5% (from $111.0 thousand to $409.0 thousand).
- The most recent figure is from U Power Ltd’s fiscal year 2024 report (Form 20-F), filed with the SEC on May 15, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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