Kandi Technologies secures 18 battery swap station order
- Kandi Technologies (NASDAQ:KNDI) secured a procurement order from QIJI Energy to equip 18 heavy-truck battery swap stations.
- The company's stock price traded down at $0.70 following the initial equipment delivery announcement.
- Management stated this hardware deployment marks a strategic transition from pilot testing to active commercial operations.
Kandi Technologies (NASDAQ:KNDI) secured a procurement order from QIJI Energy to equip 18 heavy-truck battery swap stations.
This initial hardware delivery activates the three-year strategic cooperation agreement the companies signed in January 2026.
The operational mandate covers end-to-end services including manufacturing, physical delivery, site deployment, and ongoing after-sales maintenance.
Kandi Technologies stated that this specific deployment marks a transition from pilot testing to active commercial operations.
Following the announcement, Kandi Technologies' share price was down at $0.70.
This initial batch delivery directly supports the broader corporate infrastructure initiative known as the Ten Thousand Station Plan.
Under this long-term supplier ecosystem framework, QIJI Energy targets about 900 operational stations by the end of 2026.
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