Kandi Technologies subsidiary signs agreement with CATL

Kandi Technologies (KNDI) announced that its wholly-owned subsidiary, China Battery Exchange Technology, CATL, has entered into a “Framework Procurement Contract” with Contemporary Amperex Technology, a global leader of new energy innovative technologies. This partnership marks China Battery Exchange’s official entry into CATL’s battery swap ecosystem, providing critical hardware support for CATL’s “Ten Thousand Station Plan” and deepening Kandi Technologies’ strategic footprint in the new energy infrastructure sector.