Latest news with #KandiTechnologies
Yahoo
4 days ago
- Automotive
- Yahoo
Kandi Subsidiary Joins CATL's Battery Swap Network In Major Supply Deal
Kandi Technologies Group Inc. (NASDAQ:KNDI) on Tuesday said its subsidiary, China Battery Exchange (Zhejiang) Technology Co. Ltd., has signed a framework procurement deal with Contemporary Amperex Technology Co. Ltd. (OTC:CYATY), one of the world's largest battery makers. The agreement brings China Battery Exchange into Contemporary Amperex Technology's (CATL) battery swap ecosystem, supplying key equipment for the company's expansive network rollout. Under the deal, China Battery Exchange will provide standardized, high-performance battery swapping station systems, including station structures, robotic arms, and battery temperature control partnership supports CATL's goal of building 500 battery swapping stations this year and scaling up to more than 10,000 across mainland China over time. Kandi said the collaboration could lead to significant growth in equipment orders, starting with the first heavy-truck battery swap station expected for delivery within three months, followed by small-batch production runs. Kandi's battery swapping system features nine core modules, offering one-click operation, 90-second swaps, automated billing, and real-time monitoring. The company has been a pioneer in China's EV battery swap market, leveraging its hardware, software, and operational solutions to meet rising demand for faster and more efficient charging alternatives. CEO Feng Chen called the agreement 'a quintessential example of the synergy between a dedicated equipment supplier and an ecosystem leader,' adding that the standardized, intelligent systems will help accelerate the expansion of battery swap infrastructure across China. Price Action: KNDI shares are trading higher by 9.81% to $1.26 at last check Tuesday. Read Next:Image via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? KANDI TECHNOLOGIES GROUP (KNDI): Free Stock Analysis Report This article Kandi Subsidiary Joins CATL's Battery Swap Network In Major Supply Deal originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Business Upturn
5 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
6 days ago
- Automotive
- Yahoo
Kandi Technologies (KNDI) Showcases AI Robotics Solutions at Shanghai's WAIC 2025
Kandi Technologies Group, Inc. (NASDAQ:KNDI) is one of the best EV penny stocks to buy according to hedge funds. On August 1, the company said it successfully showcased its AI and robotics solutions at the 2025 World Artificial Intelligence Conference (WAIC) held in Shanghai. In the announcement, Kandi highlighted its strategic collaboration with Deep Robotics, the company's partner, by staging a live demonstration of industry-grade quadruped robots performing security and inspection tasks. The Kandi-Deep Robotics collaboration, announced in June 2025, focuses on developing quadruped security inspection robots and smart sports technology. The target market is North American. The technology uses Kandi's proprietary cloud-edge-device intelligent architecture to meet specific, scenario-driven needs. Kandi also stated that it is exploring a joint research initiative with Zhejiang University. This initiative targets advancements in AI algorithms, environmental sensing, and motion control technologies. The goal is to accelerate innovation and commercialization of AI-driven robotic applications. Kandi Technologies Group, Inc. (NASDAQ:KNDI) is a Chinese EV manufacturer. It manufactures off-road EV products like all-terrain vehicles, utility vehicles, and electric scooters. It also produces EV parts such as battery packs and smart battery swap systems. Kandi operates primarily in China but has expanded into the US market, recently launching its first locally produced EV. While we acknowledge the potential of KNDI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Performing Crypto Stocks So Far in 2025 and 10 Best Low-Risk Index Funds to Buy Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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
Sustainability Times
12-05-2025
- Automotive
- Sustainability Times
Chinese Battery Giants Shatter U.S. Control: $100 Billion Lithium Revolution Unleashed as Washington Faces Energy Dominance Collapse
IN A NUTSHELL 🔋 Kandi Technologies and CBAK Energy are establishing two lithium battery production facilities in the U.S. to meet growing demand. and are establishing two lithium battery production facilities in the U.S. to meet growing demand. 📈 The partnership aims to capitalize on the expanding off-road and recreational vehicle market, projected to reach $25 billion by 2030. 🌍 By setting up local production, the companies aim to mitigate risks from geopolitical tensions and leverage U.S. clean energy incentives. 🔧 The facilities will integrate battery cell and pack production, enhancing supply chain agility and aligning with global sustainability goals. The collaboration between Kandi Technologies and CBAK Energy marks a significant development in the U.S. energy landscape. By establishing lithium battery production facilities on American soil, these Chinese firms are positioning themselves to meet the increasing demand for electric power in the off-road and recreational vehicle sectors. Amid rising geopolitical tensions, this move underscores a strategic focus on localizing production and fortifying supply chains. The partnership promises to deliver high-performance battery systems, aligning with U.S. clean energy goals and offering a resilient response to potential global supply disruptions. Strategic Shift, Local Focus The initiative by Kandi Technologies and CBAK Energy represents a calculated strategic shift aimed at strengthening local production capabilities. The first facility will focus on the assembly of battery packs, while the second will concentrate on manufacturing battery cells. Each facility will function as a joint venture, with separate ownership structures reflecting the specific objectives and scale of each project. Kandi will lead the battery pack assembly plant, holding a 90% stake, while CBAK will take charge of the battery cell manufacturing, also retaining a 90% share. This dual approach is designed to integrate the production process, from initial cell manufacturing to the assembly of complete systems, ensuring a streamlined operation. By setting up these plants, the companies aim to build a robust domestic supply chain, thereby reducing reliance on international sources. This move is further supported by clean energy incentives from the U.S. Inflation Reduction Act, which encourages the localization of energy production. Such strategic positioning not only helps in mitigating the risks associated with global supply chain disruptions but also enables these companies to capitalize on the burgeoning U.S. market for clean energy solutions. 'Revolutionary Nuclear Breakthrough': World's First Compact Detector Set to Unleash Unprecedented Energy Era, Sparking Global Power Shift Incentives and Expansion The decision to establish these facilities in the U.S. aligns with broader goals of expanding market presence and leveraging local incentives. According to Feng Chen, CEO of Kandi Technologies, localizing production enhances the agility of the supply chain and aligns with U.S. clean energy policy incentives. This strategic move positions the companies to meet the rapidly growing demand in the off-road and recreational vehicle category, potentially creating significant shareholder value. While the specific locations for these facilities are still under consideration, CBAK Energy is also expanding its production capacity globally. The company plans to reach a production capacity of 7.6 gigawatt-hours by the end of 2025. Additionally, new production facilities are being established in Southeast Asia, operational by 2026, to mitigate geopolitical risks. The North American market for off-road vehicles, valued at $16.7 billion in 2024, is projected to grow to approximately $25.0 billion by 2030, providing a lucrative opportunity for this partnership to tap into the expanding battery demand. Groundbreaking Decision: Deep Fission Unleashes Revolutionary Underground Solution for Nuclear Reactors Fuel and Waste, Astonishing the World Navigating Geopolitical Tensions The collaboration between Kandi Technologies and CBAK Energy unfolds against a backdrop of escalating geopolitical tensions, particularly between the U.S. and China. Recent trade disputes, including China's suspension of exports of critical minerals, highlight the vulnerability of global supply chains. This partnership is a strategic response aimed at minimizing these geopolitical risks by establishing a more resilient and localized supply infrastructure. Zhiguang Hu, CEO of CBAK Energy, emphasizes that their expertise in cell design and production is pivotal for setting up a reliable local supply for emerging vehicle platforms. The collaboration not only reflects a shared vision to globalize advanced battery manufacturing but also adapts to the evolving demands of the U.S. market. By focusing on local production and supply, Kandi and CBAK are effectively insulating themselves from potential international trade disruptions, ensuring a steady supply of battery systems for the U.S. market. 'Everything Went Dark, Then It Moved': Robot Dog Revives Radioactive Crane in Terrifying Nuclear Site Emergency Maneuver The Future of Battery Production As the demand for off-road and recreational vehicles continues to surge, the need for efficient and high-performance battery systems becomes increasingly critical. The partnership between Kandi Technologies and CBAK Energy is poised to deliver on this demand, offering advanced battery solutions tailored for specific applications. Their focus on integrating cell and pack production not only enhances efficiency but also promises to deliver cutting-edge technology to the market. By investing in U.S.-based facilities, these companies are preparing to play a significant role in the future of battery production. This move also aligns with broader global trends towards sustainable energy solutions and the transition to electric vehicles. As they navigate complex geopolitical landscapes and leverage local incentives, Kandi and CBAK are setting a precedent for the future of energy production in the United States. The strategic collaboration between Kandi Technologies and CBAK Energy marks a pivotal moment in the landscape of battery production, with far-reaching implications for the U.S. market. As they develop local facilities, they not only address immediate market demands but also contribute to shaping a sustainable energy future. How will this partnership influence the broader dynamics of international trade and energy production in the years to come? Did you like it? 4.6/5 (20)
