Jinhua, China, Aug. 12, 2025 — Kandi Technologies Group, Inc. (NASDAQ GS: KNDI), a recognized leader in all-electric personal transportation and utility vehicles, announced today that its fully-owned subsidiary, China Battery Exchange (Zhejiang) Technology Co., Ltd., has formalized a “Framework Procurement Contract” (the “Agreement”) with Contemporary Amperex Technology Co., Ltd. (300750.SZ), a worldwide innovator in new energy technologies.

This collaboration signifies China Battery Exchange’s formal integration into CATL’s battery swap ecosystem, offering essential hardware backing for CATL’s ambitious “Ten Thousand Station Plan” and solidifying Kandi Technologies’ strategic presence within the new energy infrastructure industry.

According to the Agreement’s provisions, China Battery Exchange will supply standardized, high-performance equipment for battery swapping stations and complete support services, encompassing primary station structures, sophisticated robotic arm systems, and precise battery compartment temperature management modules. Given CATL’s objective to establish 500 battery swapping stations this year, and a long-term goal exceeding 10,000 stations across mainland China, China Battery Exchange is strategically positioned to benefit from the considerable demand for battery swapping equipment and support solutions this network will generate. The Company foresees a notable increase in forthcoming equipment orders as a consequence. China Battery Exchange and CATL have begun coordinating on the first order for heavy-truck battery swap stations; the initial station is slated for delivery within three months, after which a move to small-batch production will occur.

As a leading innovator within China’s electric vehicle (EV) battery swapping environment, Kandi Technologies consistently broadens its technological reach and prominence in this fast-developing sector. The Company’s intelligent battery swapping system incorporates nine primary modules and provides significant benefits such as single-click swapping, swift 90-second battery exchanges, automated billing, and live performance tracking. Zhong Huan Electric, founded in 2020, functions as a “comprehensive battery swapping solution provider,” offering integrated “hardware + software + operation” solutions.

Mr. Feng Chen, Kandi Technologies’ CEO, remarked, “This collaboration between China Battery Exchange and CATL perfectly illustrates the synergy possible between a specialized equipment provider and a leader in ecosystem development. We are delivering more than just advanced hardware; we are actively contributing to the faster deployment of battery swap networks through standardized, intelligent solutions. This partnership is poised to create substantial growth prospects for Kandi Technologies within the new energy infrastructure domain.”

About Contemporary Amperex Technology Co., Ltd.

Contemporary Amperex Technology Co., Ltd. (Stock Code: 300750.SZ), founded in 2011, holds a global leadership position in the research and production of lithium-ion batteries. The company concentrates on the research, manufacturing, and distribution of power battery systems and energy storage systems for new energy vehicles, aiming to deliver top-tier solutions for worldwide new energy uses. Its fundamental technologies encompass comprehensive industry chain research and manufacturing capabilities in areas such as power and energy storage batteries, materials, cells, battery systems, and battery recycling and reuse. In 2017, the company’s power lithium battery shipments were the highest globally, reaching 11.84 GWh. It has forged collaborations with numerous prominent domestic automobile companies and has secured a consistent market share globally, being among the initial domestic lithium-ion power battery producers to join the supply chains of leading international automotive corporations.

About Kandi Technologies Group, Inc.

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) is a prominent entity in the research, development, and manufacturing of all-electric personal transportation and utility vehicles. Headquartered in Jinhua, China, the Company primarily concentrates on off-road mobility solutions, with a strategic focus on the North American market, while also actively exploring prospects in other relevant high-tech emerging fields. Through its various subsidiaries, Kandi Technologies utilizes its strong manufacturing capacities and technological proficiency to provide innovative products for diverse commercial and consumer applications.

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Safe Harbor Statement

This press release includes certain statements that may be considered “forward-looking statements.” Any statement within this document that is not a statement of historical fact is a “forward-looking statement.” Such forward-looking statements are frequently recognized by the use of prospective terminology like “believes,” “expects,” or similar phrasing, and they involve both known and unknown risks and uncertainties. While the Company considers the expectations conveyed in these forward-looking statements to be reasonable, they inherently involve assumptions, risks, and uncertainties, and these expectations might ultimately prove inaccurate. Readers are cautioned not to place undue reliance on these forward-looking statements, which are valid only as of the date of this press release. The Company’s actual outcomes could vary significantly from those projected in these forward-looking statements due to various factors, including the risk factors detailed in the Company’s periodic reports filed with the Securities and Exchange Commission and accessible on the SEC’s website (http://www.sec.gov). All forward-looking statements attributed to the Company or its representatives are entirely qualified by these stated risk factors. Except as mandated by applicable securities laws, the Company undertakes no obligation to revise these forward-looking statements.

For inquiries from investors and media, please contact:

Kandi Technologies Group, Inc.
Kewa Luo
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Piacente Financial Communications
Brandi Piacente
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Piacente Financial Communications
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