KNDI Partnership

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

Published August 12, 2025 at 12:38 PM

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.

Related Questions

How does this partnership position Kandi relative to other EV manufacturers and battery‑swap providers in China and globally? What impact will the partnership have on Kandi’s balance sheet – will there be capital expenditures, R&D spend, or cash flow implications? How will the partnership with CATL affect Kandi Technologies' revenue and profit margins in the short and medium term? What specific financial terms (e.g., contract value, royalties, revenue sharing) are disclosed in the framework procurement contract? What is the expected timeline for the rollout of the battery‑swap stations and associated equipment? How might the agreement influence Kandi’s valuation multiples (EV/EBITDA, P/E) and analyst coverage? Are there any regulatory or licensing hurdles in China that could delay implementation? What are the risks if CATL or the broader Chinese battery‑swap market faces slowdown or policy changes? How will this partnership affect the company’s guidance and consensus forecasts for FY 2026 and beyond? Will the agreement lead to increased sales of Kandi’s electric vehicles or new revenue streams from supplying battery swap equipment?