CATL(SZ:300750) Guan Cha Zhe Wang·2025-08-12 09:08Core Insights - Kandi Technologies Group's subsidiary, Zhonghuan Electric (Zhejiang) Technology Co., has signed a framework procurement contract with CATL, a leading global power battery company, to become a supplier of battery swap station equipment [1][3] - This partnership marks Kandi's official entry into CATL's global supplier system and aims to provide hardware support for the standardization of battery swap station construction [1] Company Overview - Kandi Technologies Group focuses on the research, development, manufacturing, and sales of electric vehicles and components, headquartered in Jinhua, Zhejiang [3] - In 2024, the company reported total revenue of $127.6 million (approximately 917 million RMB), with over 91% of revenue coming from non-road electric vehicle business and an 80% year-on-year growth in the Chinese market [3] - The company is transitioning from a traditional electric vehicle manufacturer to a holding platform company driven by "smart manufacturing + technology incubation" [3] - In June 2025, Kandi will collaborate with Hangzhou Yundongchu Technology to develop smart golf equipment and security inspection robots for the North American market, indicating its expansion into smart equipment and robotics [3]