Kandi Technologies Group, Inc. announced that its wholly-owned subsidiary, China Battery Exchange (Zhejiang) Technology Co. Ltd. ("China Battery Exchange"), has entered into a three-year strategic cooperation agreement (the "Agreement") with Times Qiji Green Energy Technology (Shenzhen) Co. Ltd. ("Qiji Energy"), a subsidiary of Contemporary Amperex Technology Co.
Ltd. ("CATL"), a global leader of new energy innovative technologies. Under the Agreement, the parties will engage in deep cooperation regarding the implementation of mass-production projects for heavy-truck battery swap stations, as well as related after-sales services and ongoing operations and maintenance support. Pursuant to the Agreement, China Battery Exchange will serve as a strategic supplier to Qiji Energy.
In this capacity, it will drive the solution layout, equipment selection, and manufacturing of mechanical and control systems for heavy-truck battery exchange stations. In addition, China Battery Exchange will provide integrated delivery and after-sales services throughout the equipment warranty period, including spare parts support, maintenance, servicing, training, trial operations, and other end-to-end delivery and support services. Previously, China Battery Exchange successfully entered CATL's global supplier ecosystem.
This latest cooperation further validates China Battery Exchange's technical strength and mass-production assurance capabilities, while marking Kandi Technologies' deeper integration into CATL's battery swapping ecosystem. Construction is currently underway at a China Battery Exchange heavy-truck battery swap site. As a key component of CATL's "Ten Thousand Station Plan," Qiji Energy is actively advancing the standardized and scalable deployment of the "Qiji Battery Swap" network, with a target of approximately 900 battery swap stations by 2026.
This cooperation positions China Battery Exchange with a key role to support 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, the two parties are able to share resource and complement advantages to jointly promote the efficient, large-scale implementation of battery swap infrastructure. As one of the earlier entrants into battery swapping technology in China, Kandi Technologies has consistently viewed battery swapping as a key component of its long-term strategic development.
Through this strategic cooperation, the Company expects to further strengthen its comprehensive service capabilities in new energy infrastructure and support the continued expansion and commercialization of its battery swapping initiatives.
