Kandi Technologies Subsidiary Enters Strategic Cooperation Agreement with CATL
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2026
0mins
Kandi Technologies announced that its wholly-owned subsidiary, China Battery Exchange Technology, has entered into a three-year strategic cooperation agreement with Times Qiji Green Energy Technology, a subsidiary of Contemporary Amperex Technology. Under the agreement, the parties will engage in 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 swap 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 entered CATL's global supplier ecosystem.
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About KNDI
Kandi Technologies Group Inc is a China-based investment holding company mainly engaged in vehicle manufacturing. The Company's main businesses include designing, developing, manufacturing and commercializing electric vehicle (EV) products and EV parts. The Company is also engaged in applying EV technology to off-road vehicle products and launching a variety of pure electric utility vehicles (UTV), Neighborhood EVs (NEVs), Golf carts and off-road crossover vehicles. The Company mainly operates its businesses in the domestic market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Growing Market Demand: China's national
See More
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- Acquisition Progress: Kandi Technologies announced the acquisition of 51% equity in Hangzhou Xinchu New Energy Technology Co., Ltd., which has been authorized as a distributor by Schneider Electric, expected to significantly enhance its competitiveness in the data center and power infrastructure market.
- Market Expansion: Xinchu's authorization to distribute Schneider Electric's UPS systems and related technical services strengthens its integration capabilities in data center and energy storage solutions, thereby enhancing Kandi's position in the AI data center backup power market.
- Product Portfolio Optimization: By combining Schneider Electric's UPS products with Xinchu's energy storage batteries and Battery Management System technologies, Kandi can offer integrated one-stop power solutions, further strengthening its competitive edge in the market.
- Strategic Outlook: Kandi's CEO stated that becoming an authorized distributor of Schneider Electric marks an important milestone in enhancing Xinchu's capabilities in the AI infrastructure market, with plans to continue expanding market share in new energy infrastructure applications.
See More
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- Acquisition Announcement: Kandi Technologies has announced the acquisition of a 51% controlling stake in Hangzhou Xinchu New Energy Technology for RMB 20 million (approximately $2.9 million), expected to close in July 2026, marking a strategic expansion into the global AI data center backup power and energy storage market.
- Core Product Strengths: Xinchu's core offerings include UPS lithium battery packs and high-rate backup power cabinets with 6C discharge capability and millisecond-level response time, along with proprietary Battery Management Systems that provide intelligent monitoring and system management, enhancing competitive positioning.
- Capital Support Strategy: Kandi plans to support Xinchu's growth through targeted capital allocation for product development and market expansion, which is expected to enhance Xinchu's procurement efficiency and optimize costs, fostering synergistic development between the two companies.
- Market Reaction: In pre-market trading on Nasdaq, Kandi's shares rose by 4.13% to $0.63, reflecting positive market sentiment regarding the acquisition and recognition of the company's future growth potential.
See More
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- Strategic Investment: Kandi Technologies has acquired a 51% controlling stake in Hangzhou Xinchu New Energy Technology for RMB 20 million (approximately USD 2.9 million), marking its strategic expansion into the rapidly growing AI data center backup power and energy storage market.
- Market Demand: As AI infrastructure deployment accelerates, global demand for next-generation power solutions surges, particularly in markets with grid reliability constraints, positioning Kandi to directly engage in this critical market.
- Technological Advantage: Xinchu's lithium battery backup systems feature millisecond-level response times and discharge capabilities of up to 6C, addressing the rapid power fluctuations of AI workloads, which is expected to drive revenue growth in data centers and telecom base stations.
- Future Development: Kandi plans to support Xinchu's product development and market expansion through targeted capital allocation, leveraging its global supply chain to enhance procurement efficiency, thereby optimizing costs and strengthening market competitiveness.
See More
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- Strengthened Industry Position: Kandi Technologies participated as a core equipment supplier at CATL's 2026 Battery Charging and Swapping Supplier Conference in Xiamen, underscoring its significant partnership role within CATL's core battery swap ecosystem and further solidifying its long-term strategic collaboration with CATL.
- Executive Dialogue: Kandi's Chairman, Mr. Xueqin Dong, and China Battery Exchange's General Manager, Ms. Ying Dong, engaged in a senior executive roundtable with CATL's leadership, discussing critical topics such as equipment technology advancements and supply chain optimization, demonstrating the depth of their cooperative relationship.
- Market Outlook: CATL projects that the NEV energy replenishment market will evolve into a stable structure with home charging, public charging, and battery swapping as three pillars, targeting the establishment of 30,000 passenger vehicle battery swap stations and 100,000 ultra-fast charging facilities, indicating substantial market potential.
- Strategic Synergy: Kandi plans to align closely with CATL's national station deployment pace and standardization framework, leveraging its advanced battery swap equipment R&D capabilities to actively capture growth opportunities presented by industry expansion, contributing to the high-quality development of China's charging and swapping infrastructure.
See More
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- Compliance Deadline: The company has until November 2, 2026, to regain compliance by maintaining its share price above $1 for 10 consecutive days, necessitating urgent measures to avoid delisting risks.
- Trading Continuity: Despite the warning, KNDI shares will continue to trade on Nasdaq during the compliance period, providing the company with time to implement necessary strategies to restore its stock price and mitigate further impacts on its financing capabilities.
- Potential Measures: Kandi may consider transferring to the Nasdaq Capital Market and executing a reverse stock split to avoid delisting, indicating the company's proactive approach to maintaining its market position and investor confidence.
See More
