Kandi Technologies Subsidiary Secures Order to Equip 18 CATL Heavy-Truck Battery Swap Stations

First Batch Order Marks China Battery Exchange's Entry into Commercial Deployment Under CATL Partnership

Jinhua, China, July 20, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQGS:KNDI), a global innovator in intelligent equipment and a technology-driven platform company, today announced that its wholly-owned subsidiary, China Battery Exchange (Zhejiang) Technology Co., Ltd. (“China Battery Exchange”), has secured an equipment procurement order from QIJI Energy (as defined below), the heavy-truck battery swap brand under Contemporary Amperex Technology Co., Limited (“CATL”). Pursuant to the order agreement, China Battery Exchange will provide end-to-end services across eighteen heavy-truck battery swap stations, encompassing equipment manufacturing, delivery, site deployment, and after-sales maintenance.