KNDI News & Events

Kandi Technologies Group announced that Hangzhou Xinchu New Energy Technology, which the Company has contracted to acquire 51% of the equity interests, has been named an authorized distributor by Schneider Electric IT for FY26. The authorization enables Xinchu to distribute and support Schneider Electric's APC, MGE, and Schneider-branded portfolio, including uninterruptible power supply, or UPS, systems, cooling infrastructure, racks and cabinets, software, and related technical services. It also strengthens Xinchu's ability to deliver integrated power infrastructure solutions for data centers, telecommunications base stations, and energy storage systems. The Company believes the authorization represents an important milestone in expanding its upstream hardware capabilities and strengthening its supply chain foundation for its AIDC power and energy storage business. Schneider Electric is a global leader in energy management and automation, offering a broad portfolio of data center infrastructure solutions, including UPS systems, power management, and physical infrastructure products.

Kandi Technologies announced that it has entered into certain investment agreements to acquire a 51% controlling stake in Hangzhou Xinchu New Energy, a provider of lithium battery backup power and battery management systems for data centers and telecom base stations, for a total cash consideration of $2.9M. The transaction is expected to close in July.

Kandi Technologies provided an update on the expansion of its international off-road vehicle business, which now serves customers across 35 countries and regions. "Our core North American market continues to demonstrate strong momentum, and we are also making rapid progress in expanding across these emerging markets," said Feng Chen, CEO. "We will continue to pursue a dual-track strategy of order expansion and brand localization across Africa, Southeast Asia, Latin America and the Middle East, building out local distribution, and after-sales and brand operations in each region."

Kandi Technologies announced that its wholly-owned subsidiary, China Battery Exchange Technology, has entered into a three-year strategic cooperation agreement with Times Qiji Green Energy Technology, a subsidiary of Contemporary Amperex Technology. Under the agreement, the parties will engage in cooperation regarding the implementation of mass-production projects for heavy-truck battery swap stations, as well as related after-sales services and ongoing operations and maintenance support. Pursuant to the agreement, China Battery Exchange will serve as a strategic supplier to Qiji Energy. In this capacity, it will drive the solution layout, equipment selection, and manufacturing of mechanical and control systems for heavy-truck battery swap stations. In addition, China Battery Exchange will provide integrated delivery and after-sales services throughout the equipment warranty period, including spare parts support, maintenance, servicing, training, trial operations, and other end-to-end delivery and support services. Previously, China Battery Exchange entered CATL's global supplier ecosystem.