09:45 AM EDT, 08/12/2025 (MT Newswires) -- Kandi Technologies Group ( KNDI ) said Tuesday that its China Battery Exchange unit has signed a framework procurement contract with China-based battery manufacturer Contemporary Amperex Technology, or CATL.

Under the deal, Kandi ( KNDI ) said China Battery Exchange will provide CATL with standardized, high-performance battery swapping station equipment and support services, including main station structures, advanced robotic arm systems, and precision battery compartment temperature control modules.

CATL plans to install 500 battery swapping stations this year, Kandi ( KNDI ) said, adding that China Battery Exchange and CATL have begun coordinating on the first order for heavy-truck battery swap stations, with the initial station expected for delivery within three months.

Shares of Kandi ( KNDI ) were up more than 9% in early trading Tuesday.

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