Jing Ji Guan Cha Wang·2026-02-13 16:36Group 1 - Kandi Technologies (NASDAQ: KNDI) has signed a three-year strategic cooperation agreement with CATL's subsidiary, Times Electric, to become the core equipment supplier for heavy-duty battery swap stations, participating in the plan to build 900 battery swap stations by 2026, with an investment of over 5 million yuan per station, potentially bringing significant orders and revenue opportunities by 2026 [1] - Kandi Technologies is transitioning from a traditional manufacturing enterprise to a technology holding company, with battery swap and robotics businesses identified as key growth engines. The revenue share from the battery swap business is expected to increase rapidly as the cooperation with CATL progresses, raising market attention on whether its valuation will recover from low levels to the average level of the new energy intelligent equipment industry [2] - The cooperation may lay the foundation for Kandi Technologies to enter the international battery swap market or the future battery swap field for passenger vehicles, but specific progress will need to be monitored through subsequent announcements [3]