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Organization (Tables)
 12 Months Ended
Dec. 31, 2025
Organization [Abstract]  
Schedule of Principal Subsidiaries

As of the date of this report, the details of the Company’s principal subsidiaries are as follows:

 

Entity  Date of
incorporation/
acquisition		  Place of
incorporation		  Percentage
of direct
or indirect
ownership
by the
Company		   Principal activities
Subsidiaries:              
Youcang Limited (“Youcang”)  June 30, 2021  British Virgin Islands   100%  Investment holding
Energy U Limited (“Energy U”)  July 19, 2021  Hong Kong   100%  Investment holding
Shandong Yousheng New Energy Technology Development Co, Ltd. (“WFOE”)(1)  January 27, 2022  PRC   100%  Provision of technical and consultation services
Anhui Yousheng New Energy Co., Ltd (“AHYS”)(1)  May 16, 2013  PRC   100%  Dormant Company
Youpin Automobile Service Group Co. Ltd. (“Youpin”)(1)  July 18, 2013  PRC   54.37%  Provision of new energy vehicles sales, battery swapping stations sales, battery swapping services and sourcing services
Shanghai Youchuangneng Digital Technology Co., Ltd. (“SY Digital Tech) (1)  November 13, 2015  PRC   100%  Provision of new energy vehicles sales, battery swapping stations sales, battery swapping services and sourcing services
Youguan Financial Leasing Co., Ltd. (“Youguan Financial Leasing”)(1)  February 27, 2017  PRC   100%  Dormant Company
Youpin Automobile Service (Shandong) Co., Ltd. (“Youpin SD”)(1)  June 30, 2020  PRC   86.96%  Provision of new energy vehicles sales and sourcing services
Chengdu Youyineng Automobile Service Co., Ltd. (“CD Youyineng”)(1)  October 29, 2020  PRC   100%  Provision of battery swapping stations manufacturing
Shanghai Youteng Automobile Service Co., Ltd. (“SH Youteng”)(1)  November 3, 2020  PRC   70%  Dormant Company
Liaoning Youguan New Energy Technology Co. Ltd. (“LY New Energy”)(1)  November 8, 2019  PRC   100%  Provision of new energy vehicles sales and sourcing services
Shanghai Youxu New Energy Technology Co., Ltd. (“SH Youxu”)(1)  March 22, 2021  PRC   70%  Provision of battery swapping stations sales and battery swapping services and two-wheeled vehicle battery-swapping services
Quanzhou Youyi Power Exchange Network Technology Co., Ltd.  (“QZ Youyi”)(1)  June 29, 2021  PRC   100%  Provision of battery swapping services
Youxu New Energy Technology (Zibo) Co., Ltd. (“Youxu Zibo”)(1)  July 29, 2021  PRC   100%  Provision of batter swapping stations manufacturing
Youxu (Xiamen) Power Exchange Network Technology Co., Ltd. (“Youxu XM”)(1)  August 10, 2021  PRC   100%  Provision of battery swapping services
Wuhu Youxu New Energy Technology Co., Ltd. (“WH Youxu”) (1)  November 12, 2021  PRC   100%  Provision of batter swapping stations manufacturing
Henan Youxu New Energy Technology Co., Ltd. (“HN Youxu”) (1)  December 1, 2022  PRC   80%  Dormant Company
Youxu New Energy Technology (Nanyang) Co., Ltd. (“NY Youxu”) (1)  March 14, 2023  PRC   70%  Provision of batter swapping stations manufacturing
U SWAP CO LTD(“U SWAP”)  June 13, 2024  Thailand   85%  Provision of new energy vehicles sales, battery swapping stations sales, battery swapping services and sourcing services
Greendrive Tech Co., Ltd (“Greendrive”)  March 5, 2025  Thailand   70.0%  Provision of new energy vehicles sales, battery swapping stations sales, battery swapping services and sourcing services
Shanghai Younengke New Energy Technology Co., Ltd (“SH Younengke”)  July 11, 2025  PRC   70%  Provision of new energy vehicles sales, battery swapping stations sales, battery swapping services and sourcing services

 

(1)Collectively, the “PRC subsidiaries”.