Kandi Secures First Order for Heavy-Truck Battery Swap Station Equipment from CATL

Kandi Technologies' subsidiary China Battery Exchange has secured its first major order for heavy-truck battery swap station equipment from Contemporary Amperex Technology. This marks a significant milestone for the company, highlighting its growing presence in the electric vehicle battery industry.

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) has achieved a significant milestone as its subsidiary, China Battery Exchange, secured its first major order from Contemporary Amperex Technology Co., Ltd. (CATL) for heavy-truck battery swap station equipment. This strategic partnership marks a substantial advancement in Kandi's growing presence within the electric vehicle (EV) battery industry.

Under the terms of the agreement, China Battery Exchange will provide core station structures, advanced robotic arm systems, and precision temperature-controlled battery compartments designed for heavy-duty truck applications. This order positions Kandi as a key supplier in CATL's ambitious "Ten Thousand Station Plan," which aims to deploy 500 battery swapping stations in 2025 and eventually exceed 10,000 stations nationwide. The collaboration validates Kandi's technological leadership in intelligent, standardized battery swap solutions within the rapidly growing new energy infrastructure sector.

Mr. Feng Chen, CEO of Kandi Technologies, commented, "Securing our first heavy-truck battery swap station order from CATL is a landmark achievement for Kandi Technologies, marking our official integration into CATL’s global supplier ecosystem. This partnership validates our technological leadership in intelligent, standardized battery swap solutions and solidifies our strategic position within the rapidly growing new energy infrastructure sector. As a partner for CATL’s ambitious ‘Ten Thousand Station Plan,’ we are strategically positioned to help drive the nationwide expansion of the battery swap network by providing high-performance, fully integrated hardware, unlocking long-term value for our company and shareholders."

The immediate revenue potential of this order, while not quantified, is expected to be substantial. The long-term value for Kandi Technologies and its shareholders is significant, given the potential for ongoing orders as CATL scales its battery swap network. This development also addresses a critical pain point in heavy-duty electric transport—downtime associated with charging. Battery swapping technology enables trucks to exchange depleted batteries for charged ones in minutes rather than hours, making electrification more viable for commercial fleets.

For investors, this represents Kandi's strategic diversification beyond personal transportation vehicles into the higher-value commercial infrastructure segment. This move could create a more stable revenue stream tied to China's broader electric vehicle transition, potentially enhancing the company's overall financial stability and growth prospects.

References:
1. [https://www.globenewswire.com/news-release/2025/08/18/3134830/0/en/Kandi-Secures-First-CATL-Order-for-Heavy-truck-Battery-Swap-Station-Equipment-Advancing-Ten-Thousand-Station-Plan.html](https://www.globenewswire.com/news-release/2025/08/18/3134830/0/en/Kandi-Secures-First-CATL-Order-for-Heavy-truck-Battery-Swap-Station-Equipment-Advancing-Ten-Thousand-Station-Plan.html)
2. [https://www.stocktitan.net/news/KNDI/kandi-secures-first-catl-order-for-heavy-truck-battery-swap-station-6izt4wfc260e.html](https://www.stocktitan.net/news/KNDI/kandi-secures-first-catl-order-for-heavy-truck-battery-swap-station-6izt4wfc260e.html)