Kandi Technologies Group, Inc. announced that it signed a framework agreement with Hunan Hengrun Automobile Co. Ltd. to jointly produce battery-swap enabled pure electric vehicles. According to the agreement, Kandi and Hengrun will use their respective capabilities to jointly produce battery-swappable pure electric vehicles.

The specific division of labor and cooperation content will be clarified in a separate agreement. The vehicles will be sold under the “Henghe” brand name.