Kandi Technologies’ Subsidiary Xinchu New Energy Named Authorized Distributor of Schneider Electric
Rhea-AI Summary
Kandi Technologies (NASDAQ: KNDI) announced that subsidiary Hangzhou Xinchu New Energy, which Kandi has contracted to acquire 51% of, has been named an authorized distributor of Schneider Electric IT (China) for fiscal 2026.
The deal allows Xinchu to distribute Schneider’s APC, MGE and Schneider-branded UPS and data center infrastructure, enhancing Kandi’s AI data center backup power and energy storage capabilities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Xinchu named Schneider Electric IT (China) authorized distributor for FY 2026
- Kandi contracted to acquire 51% equity interest in Xinchu
- Access to Schneider APC, MGE and Schneider-branded UPS and infrastructure portfolio
- Enhanced position in AI data center backup power and energy storage market
- Ability to offer integrated one-stop power and energy storage solutions
Negative
- None.
News Market Reaction – KNDI
On the day this news was published, KNDI gained 5.71%, reflecting a notable positive market reaction. Argus tracked a peak move of +12.6% during that session. Argus tracked a trough of -10.7% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $4M to the company's valuation, bringing the market cap to $77.37M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 29 | Strategic acquisition | Positive | +17.7% | Acquiring 51% of Xinchu to enter AI data center power market. |
| Jun 22 | Global expansion | Positive | -4.7% | Off-road vehicle global expansion and broader international distribution push. |
| May 27 | Strategic partnership | Positive | +8.8% | Recognition as core equipment partner at CATL battery swap conference. |
| May 08 | Listing compliance | Negative | -6.2% | Nasdaq minimum bid price deficiency notification and compliance timeline. |
| Apr 29 | Strategic update | Positive | +0.9% | CEO letter outlining 2026–2030 strategy and highlighting strong 2025 metrics. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent KNDI news has usually led to price moves aligned with the news tone, with one notable divergence on expansion commentary.
Key Terms
uninterruptible power supply technical
battery management system technical
ai data center technical
backup power technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
JINHUA, China, July 01, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company” or “Kandi”) (NASDAQ GS: KNDI), a global innovator in intelligent equipment and a technology-driven platform company, today announced that Hangzhou Xinchu New Energy Technology Co., Ltd. (“Xinchu”), which the Company has contracted to acquire
This authorization also strengthens Kandi’s position in the AI data center (AIDC) backup power and energy storage market by improving its access to products and supply chain resources that support data center energy infrastructure solutions. The Company believes the authorization represents an important milestone in expanding its upstream hardware capabilities and strengthening its supply chain foundation for its AIDC power and energy storage business.
Schneider Electric is a global leader in energy management and automation, offering a broad portfolio of data center infrastructure solutions, including UPS systems, power management, and physical infrastructure products. This authorized distributor designation enhances Xinchu’s ability to participate in data center and telecommunications base station energy infrastructure projects. By combining Schneider Electric’s proven UPS and data center infrastructure portfolio with Xinchu’s proprietary energy storage batteries and Battery Management System (BMS) technologies, Xinchu can offer a complementary portfolio of solutions, enabling it to provide integrated, one-stop power solutions for both backup power and energy storage applications. This is expected to further strengthen the Company’s competitive position in the AIDC market.
“As AI compute infrastructure continues to scale globally, the need for highly reliable backup power and energy storage solutions is becoming increasingly critical,” said Mr. Feng Chen, Chief Executive Officer of Kandi. “Being an authorized distributor of Schneider Electric marks an important milestone in advancing Xinchu’s capabilities in AIDC backup power and energy storage and further strengthens our ability to serve the data center energy infrastructure market. Looking ahead, we will continue to expand our presence in AIDC and broader new energy infrastructure applications, enhance our end-to-end solution capabilities, and capitalize on the significant opportunities arising from the global buildout of AI infrastructure.”
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 global innovator in intelligent equipment and a technology-driven platform company. Headquartered in Jinhua, China, the Company’s primary focus is on intelligent mobility solutions, with an emphasis on the North American market, while actively pursuing opportunities in battery swap equipment, intelligent robotics and other 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. The Company routinely posts important updates on its website.
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
