Kandi Subsidiary Joins CATL's Battery Swap Network In Major Supply Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 12 2025
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Source: Benzinga
Partnership Announcement: Kandi Technologies Group's subsidiary, China Battery Exchange, has signed a procurement deal with Contemporary Amperex Technology Co. Ltd. to supply equipment for battery swapping stations, aiming to support the construction of 500 stations this year and over 10,000 in the future.
Growth Potential: The collaboration is expected to significantly increase equipment orders for Kandi, with the first heavy-truck battery swap station set for delivery within three months, highlighting Kandi's role as a pioneer in China's EV battery swap market.
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About KNDI
Kandi Technologies Group Inc is a China-based investment holding company mainly engaged in vehicle manufacturing. The Company's main businesses include designing, developing, manufacturing and commercializing electric vehicle (EV) products and EV parts. The Company is also engaged in applying EV technology to off-road vehicle products and launching a variety of pure electric utility vehicles (UTV), Neighborhood EVs (NEVs), Golf carts and off-road crossover vehicles. The Company mainly operates its businesses in the domestic market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
