Kandi Technologies Enters into Strategic Cooperation with Qiji Energy, a Subsidiary of CATL
Rhea-AI Summary
Kandi Technologies (NASDAQ: KNDI) subsidiary China Battery Exchange signed a three-year strategic cooperation with Qiji Energy, a CATL subsidiary to co-develop mass-production heavy-truck battery swap stations and provide integrated delivery, warranty-era after-sales, maintenance, training, and operations support.
The deal positions China Battery Exchange as a strategic supplier to Qiji Energy and supports CATL’s “Ten Thousand Station Plan,” which targets approximately 900 swap stations by 2026. Construction is already underway at a China Battery Exchange heavy-truck swap site.
Positive
- Three-year strategic cooperation with Qiji Energy (CATL subsidiary)
- Named strategic supplier for heavy-truck battery swap stations
- Supports CATL target of approximately 900 swap stations by 2026
- Provides end-to-end delivery and warranty-era after-sales services
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
Ahead of this positive cooperation news, KNDI was down 2.86%, while peers like MAMO (-0.6%), MPX (-1.77%), MCFT (-1.92%), MBUU (-1.57%) and WGO (-1.6%) also traded lower, indicating a broader sector risk-off tone.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 13 | Trade show expansion | Positive | +11.4% | AIMExpo 2026 presence and new North American channel partnerships. |
| Jan 05 | R&D collaboration | Positive | +7.1% | Joint intelligent robotics research center with Zhejiang University. |
| Dec 11 | Acquisition announcement | Positive | +13.4% | Acquisition of Rawrr to expand multi-brand electric off-road strategy. |
| Nov 04 | Product development | Positive | +0.0% | Intelligent delivery robot dog moved into pilot testing phase. |
| Sep 09 | Geographic expansion | Positive | -2.2% | New subsidiary and first robotics order with Indonesia’s GoTo. |
Recent strategic and technology announcements have often coincided with positive price reactions, though there are instances where seemingly positive updates saw flat or negative moves.
Over the past few months, Kandi reported several expansion and innovation milestones. At AIMExpo 2026 on Jan 13, 2026, showcasing its off-road lineup and new channel partnerships coincided with a +11.4% move. A robotics R&D partnership with Zhejiang University on Jan 5, 2026 saw a +7.1% reaction. The Rawrr acquisition on Dec 5, 2025 aligned with a +13.4% move. However, robot-dog logistics and GoTo robotics news in late 2025 had flat to negative reactions, showing not all growth initiatives are rewarded immediately.
Market Pulse Summary
This announcement highlights Kandi’s deeper integration into CATL’s battery swapping ecosystem through a three-year cooperation in heavy-truck battery swap stations, supporting a network goal of about 900 stations by 2026. It builds on prior moves into robotics and off-road EVs, extending the company’s role in new energy infrastructure. Investors may monitor contract scale, revenue contribution, and progress on deployment to assess how this partnership complements earlier strategic initiatives and supports longer-term business development.
Key Terms
battery swap stations technical
battery swapping technical
AI-generated analysis. Not financial advice.
Strengthening Battery Swap Infrastructure Deployment to Accelerate Scaled Implementation of Heavy-truck Battery Swapping
Jinhua, China, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company” or “Kandi Technologies”) (NASDAQ GS: KNDI), a long renowned 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 entered into a three-year strategic cooperation agreement (the “Agreement”) with Times Qiji Green Energy Technology (Shenzhen) Co., Ltd. (“Qiji Energy”), a subsidiary of Contemporary Amperex Technology Co., Ltd. (“CATL”), a global leader of new energy innovative technologies. Under the Agreement, the parties will engage in deep 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 successfully entered CATL’s global supplier ecosystem. This latest cooperation further validates China Battery Exchange’s technical strength and mass-production assurance capabilities, while marking Kandi Technologies’ deeper integration into CATL’s battery swapping ecosystem.
Construction is currently underway at a China Battery Exchange heavy-truck battery swap site
As a key component of CATL’s “Ten Thousand Station Plan,” Qiji Energy is actively advancing the standardized and scalable deployment of the “Qiji Battery Swap” network, with a target of approximately 900 battery swap stations by 2026. This cooperation positions China Battery Exchange with a key role to support CATL’s plan. By combining CATL’s leading advantages in brand recognition, battery technology, network reach, and station management platforms with China Battery Exchange’s expertise in R&D and manufacturing of battery swap equipment, the two parties are able to share resource and complement advantages to jointly promote the efficient, large-scale implementation of battery swap infrastructure.
Mr. Feng Chen, CEO of Kandi Technologies, commented: “This strategic cooperation with the subsidiary of CATL represents another important milestone in the development of our battery swapping business. As Kandi Technologies’ core platform for battery swap solutions, China Battery Exchange has been focusing on innovation and practical application of battery swapping models for pure electric vehicles, dedicated to delivering comprehensive intelligent battery swap solutions on a unified platform that supports multiple brands and vehicle models. This cooperation allows us to fully leverage our accumulated technical expertise and project experience in this field alongside an industry-leading partner, synergistically advancing battery swap infrastructure toward greater standardization, scalability, and sustainable operations. We believe the battery swapping model possesses long-term potential in improving charging efficiency, enhancing user experience, and supporting the construction of a new energy transportation ecosystem. This collaboration further expands the Company’s growth potential within the new energy value chain and lays a solid foundation for the continued advancement of our business.”
As one of the earlier entrants into battery swapping technology in China, Kandi Technologies has consistently viewed battery swapping as a key component of its long-term strategic development. Through this strategic cooperation, the Company expects to further strengthen its comprehensive service capabilities in new energy infrastructure and support the continued expansion and commercialization of its battery swapping initiatives.
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 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: +86-10-6508-0677
Email: Kandi@thepiacentegroup.com
FAQ
What did Kandi Technologies (KNDI) announce about its cooperation with Qiji Energy on January 29, 2026?
How will the Kandi-Qiji Energy deal affect deployment of battery swap stations and the 2026 target?
What specific roles will China Battery Exchange perform under the KNDI and Qiji Energy agreement?
Does the Kandi Technologies announcement indicate stations are already being built for the swap program?
What strategic benefits does Kandi Technologies expect from partnering with Qiji Energy (CATL) for battery swapping?
