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Kandi Technologies shares rise 10.61% intraday after China Battery Exchange enters partnership with CATL.
ByAinvest
Tuesday, Aug 12, 2025 10:54 am ET1min read
Kandi Technologies Group, Inc. rose 10.61% in intraday trading, driven by the announcement that its subsidiary, China Battery Exchange, has entered into a 'Framework Procurement Contract' with CATL, a global leader in 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.
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