Kandi Technologies Group, Inc. $KNDIa long-established leader in all-electric passenger transportation and commercial vehicles, today announced that its wholly-owned subsidiary China Battery Exchange Technology Co., Ltd. has entered into a three-year strategic cooperation agreement with Times Qiji Green Energy Technology Co., Ltd. a subsidiary of Contemporary Amperex Technology Co., Ltd. ("CATL" $3750 (+3.12%)), a leading global provider of innovative new energy technologies. Under the terms of the agreement, the parties will cooperate closely in the implementation of mass production projects for battery swapping stations for heavy-duty trucks, as well as related after-sales services and ongoing operation and maintenance support.
Under the agreement, China Battery Exchange will act as a strategic supplier for Qiji Energy. In this role, the company will drive the solution design, equipment selection and manufacturing of mechanical and control systems for heavy-duty truck battery exchange stations. In addition, China Battery Exchange will provide integrated supply and after-sales services throughout the equipment warranty period, including spare parts supply, maintenance, servicing, training, trial operation and other end-to-end supply and support services. Previously, China Battery Exchange had already successfully entered CATL's global supplier ecosystem. This latest collaboration reaffirms China Battery Exchange's technical strength and capabilities in mass production, while marking the deeper integration of Kandi Technologies into CATL's battery replacement ecosystem.
As an important part of CATL's "Ten Thousand Station Plan", Qiji Energy is actively driving the standardized and scalable expansion of the "Qiji Battery Swap" network, aiming to build about 900 battery swap stations by 2026. Through this collaboration, China Battery Exchange will play a key role in supporting 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, both parties can share resources and complement each other to jointly drive the efficient, large-scale implementation of battery swap infrastructure.
Feng Chen, CEO of Kandi Technologies, commented: "This strategic cooperation with CATL's subsidiary is another important milestone in the development of our battery exchange business. As Kandi Technologies' core platform for battery swapping solutions, China Battery Exchange focuses on the innovation and practical application of battery swapping models for pure electric vehicles and aims to provide comprehensive intelligent battery swapping solutions on a unified platform that supports multiple brands and vehicle models. This collaboration allows us to fully leverage our accumulated technical know-how and project experience in this field together with an industry-leading partner, and synergistically drive the battery swapping infrastructure towards greater standardization, scalability and sustainable operation. We believe that the battery swap model has long-term potential to improve charging efficiency, enhance user experience and support the development of a new energy transportation ecosystem. This collaboration expands the company's growth potential within the new energy value chain and lays a solid foundation for the further development of our business."
As one of the first companies to engage in battery swapping technology in China, Kandi Technologies has always regarded battery swapping as an important part of its long-term strategic development. Through this strategic cooperation, the company expects to further strengthen its comprehensive service capabilities in the new energy infrastructure field and support the further expansion and commercialization of its battery swapping initiatives.
