Jinhua, China, Aug. 18, 2025 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (“Kandi Technologies” or the “Company”) (NASDAQ GS: KNDI), a recognized leader in all-electric personal transportation and utility vehicles, announced today that its wholly-owned subsidiary, China Battery Exchange (Zhejiang) Technology Co., Ltd. (“China Battery Exchange”), has received its inaugural significant order for heavy-truck battery swap station equipment from Contemporary Amperex Technology Co., Ltd. (“CATL”), a global frontrunner in innovative new energy technologies.
This achievement holds not just immediate revenue potential but also formally integrates China Battery Exchange into CATL’s worldwide supplier network, offering crucial hardware support for CATL’s ambitious “Ten Thousand Station Plan.” The goal is to establish 500 battery swapping stations in 2025, with a long-term objective of exceeding 10,000 stations nationwide.
As part of this order, China Battery Exchange will deliver key station structures, sophisticated robotic arm systems, and precision-controlled battery compartments geared toward heavy-duty truck applications.
Mr. Feng Chen, CEO of Kandi Technologies, remarked: “Obtaining our first order for heavy-truck battery swap stations from CATL is a significant milestone for Kandi Technologies, indicating our formal entry into CATL’s global supplier framework. This collaboration affirms our leadership in intelligent, standardized battery swap solutions and strengthens our strategic position in the rapidly expanding new energy infrastructure market. As a collaborator in CATL’s ambitious ‘Ten Thousand Station Plan,’ we are uniquely positioned to facilitate the nationwide growth of the battery swap network, offering high-performance, fully integrated hardware that unlocks long-term value for our company and its shareholders.”
Safe Harbor Statement
This press release includes certain remarks that may be considered “forward-looking statements.” All statements other than those of historical fact are categorized as “forward-looking statements.” These statements often utilize terminology such as “believes,” “expects,” or similar phrases, relating to known and unknown risks and uncertainties. While the Company regards the expectations in these forward-looking statements as reasonable, they contain assumptions and uncertainties that could lead the expectations to be proved incorrect. Readers should not place excessive reliance on these statements, which reflect conditions as of the date of this release. Actual results may significantly differ from those anticipated due to various factors including those discussed in the Company’s reports filed with the Securities and Exchange Commission, accessible on the SEC’s website (http://www.sec.gov).
About Contemporary Amperex Technology Co., Ltd.
Established in 2011, Contemporary Amperex Technology Co., Ltd. is a leading global entity in lithium-ion battery research and manufacturing. The company specializes in the development, production, and sales of power battery systems and energy storage solutions for new energy vehicles, aiming to deliver world-class solutions globally. Its primary technologies encompass the entire supply chain of power and energy storage batteries, materials, cells, battery systems, and recycling.
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) is dedicated to the research, development, and manufacturing of all-electric personal transportation and utility vehicles. Located in Jinhua, China, the Company primarily focuses on off-road mobility solutions, with strategic interests targeting the North American market, while also exploring opportunities in several other advancing high-tech domains. Through its subsidiaries, Kandi Technologies capitalizes on its extensive manufacturing capabilities and technological knowledge to provide innovative products across various commercial and consumer markets.
