Kandi starts production at 200-station battery base

• Kandi began production at its Lin’an battery-swap equipment base, which could manufacture up to 200 stations annually.
• Kandi shares were unchanged at $0.68 in early premarket trading following the announcement.
• The facility will support deliveries to CATL’s QIJI Energy under a three-year cooperation agreement.

Kandi Technologies (NASDAQ:KNDI) began production at its Lin’an manufacturing base, which the company expects could produce up to 200 battery-swap stations annually.

The facility builds on Kandi’s January 2026 agreement with CATL’s QIJI Energy and equipment capable of completing swaps in 90 seconds.

Kandi said the patented equipment will support CATL deliveries and other partners, although the company did not disclose expected revenue or initial orders.

Following the announcement, Kandi Technologies's share price was unchanged at $0.68.

CATL’s QIJI Energy aims to establish about 900 heavy-truck battery-swap stations by the end of 2026 under its broader 10,000 Stations Plan.

Kandi recently expanded vehicle distribution to 35 markets, agreed to acquire 51% of Xinchu for RMB20 million and signed a five-year Greentown partnership.