Kandi Technologies Subsidiary Partners with CATL to Supply Battery Swapping Equipment for Major Supply Deal.

Kandi Technologies Group subsidiary, China Battery Exchange, has signed a framework procurement deal with battery maker Contemporary Amperex Technology (CATL). The agreement brings China Battery Exchange into CATL's battery swap ecosystem, supplying equipment for 500 stations this year and scaling up to over 10,000 across mainland China. Kandi's battery swapping system features nine core modules for fast and efficient charging alternatives.

Jinhua, China, July 2, 2025 — Kandi Technologies Group, Inc. (NASDAQ: KNDI), a leading player in all-electric personal transportation and utility vehicles, has announced that its wholly-owned subsidiary, China Battery Exchange (Zhejiang) Technology Co., Ltd. (China Battery Exchange), has entered into a "Framework Procurement Contract" with Contemporary Amperex Technology Co., Ltd. (CATL) (300750.SZ), a global leader in new energy innovative technologies [1].

This strategic partnership marks China Battery Exchange's official entry into CATL's battery swap ecosystem, providing critical hardware support for CATL's ambitious "Ten Thousand Station Plan" [1]. Pursuant to the terms of the agreement, China Battery Exchange will supply 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 [1].

CATL aims to deploy 500 battery swapping stations this year and has a long-term objective of over 10,000 stations across mainland China [1]. This substantial demand positions China Battery Exchange to capitalize on the growing need for battery swapping equipment and support solutions. The company anticipates a significant surge in future equipment orders as a result of this partnership [1].

The first order for heavy-truck battery swap stations is expected for delivery within three months, followed by a transition to small-batch production [1]. Kandi Technologies' intelligent battery swapping system features nine core modules, offering key advantages such as one-click swapping, rapid 90-second battery swapping, automated billing, and real-time performance monitoring [1].

This strategic collaboration between China Battery Exchange and CATL signifies a significant milestone for Kandi Technologies, further expanding its technological footprint and leadership in the rapidly evolving electric vehicle (EV) battery swapping ecosystem [1]. The agreement positions China Battery Exchange as a key hardware provider for CATL's expansive battery swap network, setting the stage for substantial revenue growth opportunities.

References:
[1] https://www.marketscreener.com/news/kandi-technologiesa-subsidiary-china-battery-exchange-signs-agreement-with-catl-to-become-battery-ce7c51dad88dff24
[2] https://www.marketscreener.com/news/china-battery-exchange-technology-co-ltd-enters-into-a-framework-procurement-contract-with-contem-ce7c51dadb8bf120
[3] https://www.stocktitan.net/news/KNDI/kandi-technologies-subsidiary-china-battery-exchange-signs-agreement-dmu2kvheqt0d.html