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.
