Kandi Technologies’ Subsidiary China Battery Exchange Signs Agreement with CATL to Become Battery Swap Station Equipment Supplier

Jinhua, China, Aug. 12, 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 entered into a “Framework Procurement Contract” (the “Agreement”) with Contemporary Amperex Technology Co., Ltd. (“CATL”) (300750.SZ), a global leader of new energy innovative technologies.