Kandi Technologies Secures Second Order for Battery Swap Equipment from QIJI Energy
Kandi Technologies (NASDAQ: KNDI) announced that its China Battery Exchange subsidiary has received a second procurement order for heavy-truck battery swap station equipment. The client is QIJI Energy, a subsidiary of Contemporary Amperex Technology Co. Limited (CATL). This follows an initial order placed by QIJI in July 2024. The new contract highlights growing demand for Kandi’s infrastructure solutions and strengthens its partnership with CATL, one of the world's largest battery manufacturers. The deal is expected to contribute positively to Kandi’s revenue growth as it expands into heavy-truck electrification markets.
Tickers: $KNDI
Topics: battery swap stations CATL partnership heavy-truck infrastructure