Core Insights - The article highlights the collaboration between Kandi Technologies Group's subsidiary, Zhonghuan Electric (Zhejiang) Technology Co., Ltd., and CATL as a supplier of battery swap station equipment for commercial heavy-duty vehicles [1] - The global battery swap market is expanding at a compound annual growth rate (CAGR) of over 40%, with the potential to grow into a trillion-dollar market [1] - By 2025, the battery swap industry chain market size in China is expected to reach 133.4 billion yuan, while the overall battery swap industry is projected to exceed 200 billion yuan [1] Company Overview - Zhonghuan Electric was established in 2020 and positions itself as a "comprehensive battery swap solution provider," advocating for an open battery swap ecosystem globally [1] - The company focuses on the research, development, and manufacturing of battery swap station equipment, having developed full-stack capabilities encompassing hardware, software, and operations [1] Partnership Details - The partnership with CATL signifies Zhonghuan Electric's formal entry into CATL's global supplier system, providing hardware support and promoting standardized construction of battery swap stations [1] - Zhonghuan Electric will supply standardized battery swap station equipment and supporting solutions to CATL, covering key components such as the main structure of the swap station, intelligent robotic arm systems, and battery compartment temperature control modules [1]