Kandi Technologies Subsidiary Secures Order to Equip 18 CATL Heavy-Truck Battery Swap Stations
Rhea-AI Summary
Kandi Technologies (NASDAQ: KNDI) announced that wholly owned subsidiary China Battery Exchange secured an equipment procurement order from QIJI Energy, CATL’s heavy-truck battery swap brand, to equip 18 heavy‑truck battery swap stations. The order covers end-to-end services including equipment manufacturing, delivery, site deployment, and after‑sales maintenance.
This is the first batch order under the three-year strategic cooperation agreement signed in January 2026 with QIJI Energy, which established China Battery Exchange as a designated equipment supplier for CATL’s heavy-truck battery swap station program. The batch is part of CATL’s “Ten Thousand Station Plan,” under which QIJI Energy is targeting about 900 stations by year-end 2026. According to Kandi, the move marks a transition from pilot phase to active commercial operations and reinforces China Battery Exchange’s role in CATL’s supplier ecosystem.
Positive
- Order to equip 18 stations under CATL heavy‑truck swap program
- Designated equipment supplier to CATL’s heavy‑truck battery swap station program via three‑year deal
- First batch order marking shift from pilot to active commercial operations
- Participation in CATL’s Ten Thousand Station Plan targeting about 900 stations by end‑2026
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 15 | Manufacturing launch | Positive | +2.8% | Production began at Lin’an base supporting heavy-truck battery swap equipment deliveries. |
| Jul 07 | Partnership agreement | Positive | -2.4% | Exclusive five-year cooperation covered electric sightseeing vehicle deployment in Chinese residential communities. |
| Jul 01 | Distributor appointment | Positive | +5.7% | Subsidiary received authorized distributor status for Schneider Electric IT products in fiscal 2026. |
| Jun 29 | Controlling acquisition | Positive | +17.7% | Kandi agreed to acquire 51% of Xinchu New Energy for RMB20 million cash. |
| Jun 22 | Global expansion | Positive | -4.7% | Off-road vehicle business reached customers in 35 countries and regions through global expansion. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
KNDI's recent positive announcements produced mixed outcomes, with three aligned gains and two divergent declines.
Key Terms
heavy-truck battery swap stations technical
chassis-based battery swapping technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
First Batch Order Marks China Battery Exchange's Entry into Commercial Deployment Under CATL Partnership
Jinhua, China, July 20, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ GS: KNDI), a global innovator in intelligent equipment and a technology-driven platform company, today announced that its wholly-owned subsidiary, China Battery Exchange (Zhejiang) Technology Co., Ltd. (“China Battery Exchange”), has secured an equipment procurement order from QIJI Energy (as defined below), the heavy-truck battery swap brand under Contemporary Amperex Technology Co., Limited (“CATL”). Pursuant to the order agreement, China Battery Exchange will provide end-to-end services across eighteen heavy-truck battery swap stations, encompassing equipment manufacturing, delivery, site deployment, and after-sales maintenance.
China Battery Exchange secured its first heavy-truck battery swap station equipment order from CATL in August 2025 under a Framework Procurement Agreement. Building on that foundation, China Battery Exchange entered into a three-year strategic cooperation agreement in January 2026 with Times QIJI Green Energy Technology (Shenzhen) Co., Ltd. ("QIJI Energy"), a CATL subsidiary dedicated to chassis-based battery swapping for heavy-duty trucks, formally establishing China Battery Exchange as a designated equipment supplier for CATL’s heavy-truck battery swap station program. This eighteen-station order marks the first batch procurement under the January 2026 agreement, a significant commercial milestone signaling China Battery Exchange’s substantive partnership with CATL has transited from pilot phase into active commercial operations, which reaffirms its credentials across product quality, manufacturing, and deployment.
This batch order is placed as part of CATL’s “Ten Thousand Station Plan,” under which QIJI Energy is targeting the completion of approximately 900 heavy-truck battery swap stations by year-end 2026. As a core equipment supplier supporting that rollout, China Battery Exchange points to a strengthening order pipeline ahead. The Company will provide updates on project progress and order execution as developments warrant.
Feng Chen, CEO of Kandi, commented, “This batch order speaks to the depth and momentum of our growing partnership with CATL, and validates our strengths across product technology, quality assurance, and delivery execution. We have proactively ramped up our production capacity in anticipation of growing demand and are fully prepared to deliver on schedule and to specification. As battery swap infrastructure investment accelerates across China, our established position within CATL’s supplier ecosystem gives us both the platform and the conviction to actively pursue the growth opportunities this market presents.”
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: KNDI) is a global innovator in intelligent equipment and a technology-driven platform company. It leverages technological innovation, a global supply chain, and advanced manufacturing to transform industries and expand real-world applications, bringing technology closer to people’s everyday lives. Guided by a “one core, two growth engines” strategic framework, the Company anchors its business in all-domain intelligent vehicles, with battery swapping equipment and intelligent robotics as two strategic growth pillars. Driven by its mission to bring joy to daily life, Kandi Technologies fosters shared success and sustainable, long-term growth through open collaboration and mutually beneficial partnerships, creating enduring industrial and societal value while building a globally respected brand.
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
