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Business Upturn
6 days ago
- Automotive
- Business Upturn
Kandi Technologies' Subsidiary China Battery Exchange Signs Agreement with CATL to Become Battery Swap Station Equipment Supplier
Jinhua, China, Aug. 12, 2025 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the 'Company' or 'Kandi Technologies') (NASDAQ GS: KNDI), long renowned as a leader in all-electric personal transportation and utility vehicles, today announced that its wholly-owned subsidiary, China Battery Exchange (Zhejiang) Technology Co., Ltd. ('China Battery Exchange') has entered into a 'Framework Procurement Contract' (the 'Agreement') with Contemporary Amperex Technology Co., Ltd. ('CATL') ( a global leader of new energy innovative technologies. This partnership marks China Battery Exchange's official entry into CATL's battery swap ecosystem, providing critical hardware support for CATL's 'Ten Thousand Station Plan' and deepening Kandi Technologies' strategic footprint in the new energy infrastructure sector. Pursuant to the terms of the Agreement, China Battery Exchange will provide standardized, high-performance battery swapping station equipment and comprehensive support solutions, including main station structures, advanced robotic arm systems, and precision battery compartment temperature control modules. With CATL's target to deploy 500 battery swapping stations this year and a long-term objective of over 10,000 stations all over mainland China, China Battery Exchange is well-positioned to capitalize on the substantial demand of battery swapping equipment and support solutions generated by this network. The Company anticipates a significant surge in future equipment orders as a result. China Battery Exchange and CATL commenced coordination on the first order for heavy-truck battery swap stations: the initial station is expected for delivery within three months, followed by a transition to small-batch production. As a pioneering force in China's electric vehicle (EV) battery swapping ecosystem, Kandi Technologies continues to expand its technological footprint and leadership in this rapidly evolving industry. The Company's intelligent battery swapping system features nine core modules and offers key advantages, including one-click swapping, rapid 90-second battery swapping, automated billing, and real-time performance monitoring. Zhong Huan Electric, established in 2020, operates as a 'comprehensive battery swapping solution provider' and delivers integrated 'hardware + software + operation' solutions. Mr. Feng Chen, CEO of Kandi Technologies, commented, 'This partnership between China Battery Exchange and CATL represents a quintessential example of the synergy between a dedicated equipment supplier and an ecosystem leader. We are providing more than just advanced hardware, as we are helping accelerate the rollout of battery swap networks with standardized, intelligent solutions. This collaboration is set to unlock significant growth opportunities for Kandi Technologies within the new energy infrastructure sector.' About Contemporary Amperex Technology Co., Ltd. Contemporary Amperex Technology Co., Ltd. (Stock Code: established in 2011, is a global leader in the research and manufacturing of lithium-ion batteries. The company focuses on the research, production, and sales of power battery systems and energy storage systems for new energy vehicles, and is committed to providing world-class solutions for global new energy applications. Its core technologies include the entire industry chain research and manufacturing capabilities in the fields of power and energy storage batteries, materials, cells, battery systems, and battery recycling and reuse. In 2017, the company's power lithium battery shipments led the world, reaching 11.84 GWh. It has established cooperative relationships with many mainstream domestic automobile companies and has successfully occupied steady market share in the global market, as one of the first domestic lithium-ion power battery manufacturers to enter the supply chain of top international automobile companies. About Kandi Technologies Group, Inc. Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) is a leader in the research, development, and manufacturing of all-electric personal transportation and utility vehicles. Headquartered in Jinhua, China, the Company's primary focus is on off-road mobility solutions, with a strategic emphasis for the North American market, while actively pursuing opportunities in other related emerging high-tech areas. Through its subsidiaries, Kandi Technologies leverages its robust manufacturing capabilities and technological expertise to deliver innovative products for a wide range of commercial and consumer applications. For more information, please visit . Safe Harbor Statement This press release contains certain statements that may include 'forward-looking statements.' All statements other than statements of historical fact included herein are 'forward-looking statements.' These forward-looking statements are often identified by the use of forward-looking terminology such as 'believes', 'expects' or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website ( All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements. For investor and media inquiries, please contact: Kandi Technologies Group, LuoTel: +1 (212) 551-3610 Email: [email protected]
Yahoo
19-06-2025
- Automotive
- Yahoo
Kandi Technologies Partners with DEEP Robotics to Expand North American Smart Golf Equipment and Security Robotics Business
JINHUA, CHINA, June 12, 2025 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) ('Kandi' or the 'Company'), long renowned as a leader in all-electric personal transportation and utility vehicles, today announced a strategic collaboration with Hangzhou Yunshenchu Technology Co., Ltd. ('DEEP Robotics'), a leader in embodied AI technology innovation and application. In response to the smart-manufacturing revolution and ongoing industry digitization — and building on years of expertise in the global off-road vehicle market — Kandi is accelerating its evolution into a platform enterprise anchored by intelligent-equipment manufacturing. Kandi's strategy is to use its stable cashflow businesses to incubate new high growth business units that leverage technology innovation and global supply-chain left to right: Feng Chen, CEO of Kandi Technologies Group, Xueqin Dong, Chairman of Kandi Technologies Group, Qiuguo Zhu, Founder & CEO of Deep Robotics, and Shixing (Eric) Wang, Director of the Americas at Deep Robotics Under these agreements, the two companies will combine manufacturing, technical and channel capabilities to co-develop smart golf equipment and security inspection quadruped robots for North America, fueling local production, market rollout and global expansion across diverse intelligent-robotics applications. Kandi will leverage its robust cash flow, built on years of R&D, manufacturing, and export of off-road vehicles such as UTVs and golf carts, together with its production facilities in China, Taiwan, and Texas and its distribution network spanning North America, Asia, and Europe. In collaboration with its wholly owned U.S. manufacturing subsidiary SC Autosports, Kandi plans to provide localized production and go-to-market support for its intelligent equipment. Founded in 2017 and headquartered in Hangzhou (often dubbed 'China's Silicon Valley'), DEEP Robotics specializes in core robotics technologies, including motion control, environmental perception and AI algorithms, and has proven its solutions in demanding scenarios such as power-tunnel inspection, emergency rescue, and law enforcement security. Its products are being deployed and tested overseas, most notably the X30 quadruped robot—deployed in SP Group's cable tunnels in Singapore as the first Chinese-developed industrial-grade quadruped robot to enter an overseas power system—marking a breakthrough in power-tunnel inspection, which underscores its adaptability across diverse environments. Together, Kandi and DEEP Robotics will harness their complementary strengths in technology integration, production scale-up and channel development to address North America's escalating demand for sophisticated automated intelligence solutions. Market Opportunity: The global quadruped robot market1 is projected to expand from $2.61 billion in 2025 to $11.96 billion by 2034, at an 18.4 % CAGR. Within this market, the bionic quadruped robot-dog segment2 alone is expected to reach $5.6 billion by 2033, growing at an 18.5 % CAGR from 2026 to 2033. In 2023, North America held roughly 40 % of the bionic quadruped robot-dog market, the largest share, driven by strong defense and industrial demand, while the Asia-Pacific region accounted for about 30%. Against this robust growth backdrop, sub-segments that align with Kandi's core strengths—security inspection and sports & entertainment automation (for example, golf-course maintenance)—are exceptionally well positioned to capture significant localized opportunities. Collaboration Focus: Smart Golf Equipment - golf caddy robot Kandi will customize its existing golf-cart platforms and manage manufacturing and distribution; DEEP Robotics will lead development of core robotic functionalities—path planning, navigation and human-machine interaction; Plans to commence localized production in North America once conditions are favorable. Security Inspection Quadruped Robots Joint R&D to adapt quadruped robots for 24/7 autonomous inspection and remote monitoring in North America; Kandi will provide systems-integration and large-scale production capabilities, while DEEP Robotics contributes advanced perception and control technologies; Products will meet stringent reliability and compliance standards for public safety, energy infrastructure and logistics applications. 'DEEP Robotics has delivered exceptional innovation in quadruped robotics, particularly in autonomous mobility and intelligent interaction under challenging conditions, establishing themselves among China's leading robotics firms,' said Feng Chen, CEO of Kandi Technologies. 'By combining their cutting-edge expertise with our deep understanding of smart-golf-equipment enhancements, insight into North American security requirements, and our extensive channel network, we are well positioned to develop and deliver globally competitive products. This partnership exemplifies Kandi's new 'growth-engine' model, and we look forward to opening a new chapter in bringing intelligent solutions to markets worldwide.' 'Partnering with Kandi provides DEEP Robotics access to Kandi's proven capabilities in golf-equipment innovation, its industry experience across North America, and its leadership in global supply-chain operations,' DEEP Robotics commented. 'Together, we will scale our advanced quadruped-robot technology in high-value scenarios—from golf-course services to large-scale security deployments—unlocking disruptive, intelligent experiences and significant commercial opportunities for customers and investors globally.' The launch of the intelligent golf-caddie robot will redefine on-course service efficiency and user engagement, while the security inspection quadruped solution for North America will bolster operational reliability and significantly reduce labor costs. Looking ahead, Kandi Technologies and DEEP Robotics will continue to advance technology innovation and market penetration, through iterative product development and localized deployment, to capitalize on North American and global service-robotics growth, driving sustainable growth and long-term shareholder value. About Kandi Technologies Group, Inc. Kandi Technologies Group, Inc. (KNDI), headquartered in Jinhua New Energy Vehicle Town，Zhejiang Province, is engaged in the research, development, manufacturing, and sales of various vehicular products. Kandi conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Technologies Group Co., Ltd. ('Zhejiang Kandi Technologies'), formerly, Zhejiang Kandi Vehicles Co., Ltd. and its subsidiaries including Kandi Electric Vehicles (Hainan) Co., Ltd. and SC Autosports, LLC (d/b/a Kandi America), the wholly-owned subsidiary of Kandi in the United States, and its wholly-owned subsidiary, Kandi America Investment, LLC. Zhejiang Kandi Technologies has established itself as one of China's leading manufacturers of pure electric vehicle parts and off-road vehicles. About DEEP Robotics DEEP Robotics is a leader in embodied AI technology innovation and application, being the first in China to achieve fully autonomous inspection of substations with quadruped robots. DEEP Robotics' self-developed robot series have been successfully deployed in various applications, including power station, factory, and tunnel inspections, as well as emergency rescue, fire detection, and scientific research. DEEP Robotics' robots have served in underground tunnels for the Asian Games, participated in the Singapore National Grid project, and engaged in drill missions such as earthquake disaster relief drill "Emergency Mission" and explosion detection drills. Currently, DEEP Robotics is engaged in long-term, in-depth cooperation with industry giants such as State Grid Corporation of China, China Southern Power Grid, Baosteel, and Fluke. For more information, please visit Safe Harbor Statement This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes", "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website ( All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements. Follow us on Twitter: @ Kandi_Group Contacts: Kandi Technologies Group, Inc. Ms. Kewa Luo +1 (212) 551-3610 IR@ The Blueshirt Group Mr. Gary Dvorchak, CFA gary@ 1 Market Research Future, Quadruped Robot Market Research Report, June 2025. 2 Verified Market Reports, 'Bionic Quadruped Robot Dogs Market,' published Feb 2025. Sign in to access your portfolio
