Kandi Subsidiary Lands First Commercial Order for CATL Heavy-Truck Battery Swap Stations — Kandi Technologies Group, Inc.

Event summary

Kandi's subsidiary, China Battery Exchange, secured an order to equip 18 heavy-truck battery swap stations for CATL's QIJI Energy brand.
The order is the first batch under a three-year strategic cooperation agreement signed in January 2026.
This marks the transition from pilot phase to commercial deployment for China Battery Exchange within CATL’s supplier ecosystem.
CATL aims to complete approximately 900 heavy-truck battery swap stations by year-end 2026 under its “Ten Thousand Station Plan.”

The big picture

This order underscores the accelerating investment in heavy-truck battery swap infrastructure in China, a critical enabler for the electrification of commercial fleets. Kandi’s role as a designated supplier to CATL highlights its strategic alignment with one of the largest players in the EV battery market, positioning it to capitalize on the broader shift toward sustainable logistics solutions.

What we're watching

Order Pipeline Growth: Whether China Battery Exchange can sustain the momentum from this initial batch order and secure additional contracts under CATL’s broader deployment plans.
Execution Risk: The pace at which China Battery Exchange can scale production and maintain quality assurance to meet the growing demand for battery swap stations.
Market Positioning: How this partnership strengthens Kandi’s position in the competitive landscape of battery swapping infrastructure, particularly against other suppliers vying for CATL contracts.