Kandi Technologies Group's China Battery Exchange Enters Into Framework Procurement Contract With Contemporary Amperex Technology

Author: Benzinga Newsdesk | August 12, 2025 08:40am

Kandi Technologies Group, Inc. (the "Company" or "Kandi Technologies") (NASDAQ GS: KNDI), long renowned as a leader in all-electric personal transportation and utility vehicles, today announced that its wholly-owned subsidiary, China Battery Exchange (Zhejiang) Technology Co., Ltd. ("China Battery Exchange") has entered into a "Framework Procurement Contract" (the "Agreement") with Contemporary Amperex Technology Co., Ltd. ("CATL") (300750.SZ), a global leader of new energy innovative technologies.

This partnership marks China Battery Exchange's official entry into CATL's battery swap ecosystem, providing critical hardware support for CATL's "Ten Thousand Station Plan" and deepening Kandi Technologies' strategic footprint in the new energy infrastructure sector.

Pursuant to the terms of the Agreement, China Battery Exchange will provide standardized, high-performance battery swapping station equipment and comprehensive support solutions, including main station structures, advanced robotic arm systems, and precision battery compartment temperature control modules. With CATL's target to deploy 500 battery swapping stations this year and a long-term objective of over 10,000 stations all over mainland China, China Battery Exchange is well-positioned to capitalize on the substantial demand of battery swapping equipment and support solutions generated by this network. The Company anticipates a significant surge in future equipment orders as a result. China Battery Exchange and CATL commenced coordination on the first order for heavy-truck battery swap stations:  the initial station is expected for delivery within three months, followed by a transition to small-batch production.

Posted In: KNDI