Kandi Secures First CATL Order for Heavy-truck Battery Swap Station Equipment, Advancing ‘Ten Thousand Station Plan’
Rhea-AI Summary
Kandi Technologies (NASDAQ: KNDI) has achieved a significant milestone as its subsidiary, China Battery Exchange, secured its first major order from CATL for heavy-truck battery swap station equipment. The company will provide core station structures, robotic arm systems, and precision temperature-controlled battery compartments for heavy-duty truck applications.
This strategic partnership integrates Kandi into CATL's global supplier ecosystem, supporting CATL's ambitious "Ten Thousand Station Plan" which targets 500 battery swapping stations in 2025 and aims to exceed 10,000 stations nationwide in the long term. The collaboration validates Kandi's technological leadership in intelligent, standardized battery swap solutions within the growing new energy infrastructure sector.
Positive
- First major order secured from global leader CATL, entering their supplier ecosystem
- Strategic positioning in CATL's expansion plan targeting 500 stations in 2025
- Long-term growth potential through CATL's 10,000+ station nationwide goal
- Validation of technological leadership in battery swap solutions
Negative
- Revenue impact and order size not disclosed
- Execution risks in delivering complex battery swap station equipment
- Heavy dependence on CATL's expansion plans for future growth
Insights
Kandi's first CATL order for battery swap equipment establishes them as a key supplier in China's EV infrastructure buildout.
Kandi Technologies has secured a significant breakthrough with its first major order from battery giant CATL for heavy-truck battery swap station equipment. This deal positions Kandi's subsidiary, China Battery Exchange, as a strategic hardware supplier in CATL's ambitious "Ten Thousand Station Plan" which aims to deploy 500 stations in 2025 and eventually exceed 10,000 nationwide.
The scope of this agreement includes providing core infrastructure components - specifically station structures, robotic arm systems, and temperature-controlled battery compartments designed for heavy-duty applications. This represents a major validation of Kandi's technological capabilities in the battery swap space.
What makes this development particularly significant is the integration into CATL's supplier ecosystem. CATL, as China's dominant battery manufacturer with global influence, effectively provides Kandi with access to a massive scaling opportunity as the battery swap network expands. While the immediate revenue impact wasn't quantified, the long-term potential is substantial if Kandi secures ongoing orders throughout CATL's deployment.
The partnership addresses a critical pain point in heavy-duty electric transport - the downtime associated with charging. Battery swapping technology enables trucks to exchange depleted batteries for charged ones in minutes rather than hours, making electrification more viable for commercial fleets. This positions Kandi to capture value in an emerging sector where standardization and infrastructure are still developing.
For investors, this represents Kandi's strategic diversification beyond personal transportation vehicles into the higher-value commercial infrastructure segment, potentially creating a more stable revenue stream tied to China's broader electric vehicle transition.
Jinhua, China, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company” or “Kandi Technologies”) (NASDAQ GS: KNDI), long renowned as a leader in all-electric personal transportation and utility vehicles, today announced that its wholly-owned subsidiary, China Battery Exchange (Zhejiang) Technology Co., Ltd. (“China Battery Exchange”), has secured its first major order for heavy-truck battery swap station equipment from Contemporary Amperex Technology Co., Ltd. (“CATL”), a global leader of new energy innovative technologies.
This milestone not only delivers immediate revenue potential, it also officially brings China Battery Exchange into CATL’s global supplier ecosystem, providing essential hardware support for CATL’s “Ten Thousand Station Plan.” With a target of 500 battery swapping stations in 2025 and a long-term goal exceeding 10,000 stations nationwide.
Under this order, China Battery Exchange will provide core station structures, advanced robotic arm systems, and precision temperature-controlled battery compartments designed for heavy-duty truck applications.
Mr. Feng Chen, CEO of Kandi Technologies, commented: “Securing our first heavy-truck battery swap station order from CATL is a landmark achievement for Kandi Technologies, marking our official integration into CATL’s global supplier ecosystem. This partnership validates our technological leadership in intelligent, standardized battery swap solutions and solidifies our strategic position within the rapidly growing new energy infrastructure sector. As a partner for CATL’s ambitious ‘Ten Thousand Station Plan,’ we are strategically positioned to help drive the nationwide expansion of the battery swap network by providing high-performance, fully integrated hardware, unlocking long-term value for our company and shareholders.”
Safe Harbor Statement
This press release contains certain statements that may include “forward-looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on the SEC’s website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements.
About Contemporary Amperex Technology Co., Ltd.
Contemporary Amperex Technology Co., Ltd., established in 2011, is a global leader in the research and manufacturing of lithium-ion batteries. The company focuses on the research, production, and sales of power battery systems and energy storage systems for new energy vehicles, and is committed to providing world-class solutions for global new energy applications. Its core technologies include the entire industry chain research and manufacturing capabilities in the fields of power and energy storage batteries, materials, cells, battery systems, and battery recycling and reuse. In 2017, the company's power lithium battery shipments led the world, reaching 11.84 GWh. It has established cooperative relationships with many mainstream domestic automobile companies and has successfully occupied a place in the global market, also becoming one of the first domestic lithium-ion power battery manufacturers to enter the supply chain of top international automobile companies.
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) is a leader in the research, development, and manufacturing of all-electric personal transportation and utility vehicles. Headquartered in Jinhua, China, the Company’s primary focus is on off-road mobility solutions, with a strategic emphasis for the North American market, while actively pursuing opportunities in other related emerging high-tech areas. Through its subsidiaries, Kandi Technologies leverages its robust manufacturing capabilities and technological expertise to deliver innovative products for a wide range of commercial and consumer applications.
For more information, please visit ir.kandigroup.com.
For investor and media inquiries, please contact:
Kandi Technologies Group, Inc.
Kewa Luo
Tel: +1 (212) 551-3610
Email: IR@kandigroup.com
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: Kandi@thepiacentegroup.com
Piacente Financial Communications
Hui Fan
Tel: +86-10-6508-0677
Email: Kandi@thepiacentegroup.com
FAQ
What is the significance of Kandi's (KNDI) first order from CATL in 2025?
What equipment will Kandi (KNDI) supply to CATL for battery swap stations?
What is CATL's Ten Thousand Station Plan that involves Kandi (KNDI)?
How does the CATL partnership affect Kandi's (KNDI) market position?
When did Kandi (KNDI) announce its first CATL order for battery swap stations?
