Kandi Technologies Stock Surged Over 10% Today – And There’s A CATL Angle

Kandi Technologies Group Inc. (KNDI) announced Tuesday that its subsidiary, China Battery Exchange (Zhejiang) Technology Co., has signed a framework agreement with lithium-ion battery giant Contemporary Amperex Technology Co. (CATL). 

The deal makes Kandi’s subsidiary the new hardware supplier within CATL’s fast-growing battery swap network in China. It also secures China Battery Exchange’s participation in CATL’s expansive ‘Ten Thousand Station Plan.’

Kandi Technologies stock traded over 10% higher on Tuesday morning. On Stocktwits, retail sentiment toward the stock jumped to ‘bullish’ from ‘bearish’ territory the previous day. Message volume improved to ‘high’ from ‘low’ levels in 24 hours. 

CATL plans to deploy 500 battery swapping stations by 2025 and aims to increase that number to more than 10,000 across mainland China over the long term.

Under the agreement, China Battery Exchange will supply uniform, high-efficiency battery swap station equipment along with full-service support offerings, including core station frameworks, robotic arm technologies, and thermal regulation modules for battery compartments.

The first set of battery swap stations for heavy-duty trucks is already in motion, with delivery expected within three months. After the pilot, small-batch production is expected to follow. “We are providing more than just advanced hardware, as we are helping accelerate the rollout of battery swap networks with standardized, intelligent solutions,” said Kandi Technologies CEO, Feng Chen.

The company’s proprietary swap system offers nine integrated modules with capabilities like 90-second battery changes, automated billing, and real-time performance analysis. Kandi Technologies stock has gained over 4% in 2025 and has shed over 29% in the last 12 months.

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