Core Viewpoint - Kandi Technologies Group, Inc. has entered into a strategic partnership with Contemporary Amperex Technology Co., Ltd. (CATL) through its subsidiary, China Battery Exchange, to enhance the battery swapping ecosystem in China, supporting CATL's ambitious deployment plan for battery swapping stations [1][2][5]. Group 1: Partnership and Strategic Importance - The partnership signifies China Battery Exchange's official entry into CATL's battery swap ecosystem, which is crucial for CATL's "Ten Thousand Station Plan" [2]. - This collaboration is expected to deepen Kandi Technologies' strategic footprint in the new energy infrastructure sector, unlocking significant growth opportunities [5]. Group 2: Agreement Details - Under the Framework Procurement Contract, China Battery Exchange will supply standardized, high-performance battery swapping station equipment, including main station structures and advanced robotic systems [3]. - CATL aims to deploy 500 battery swapping stations in the current year, with a long-term goal of over 10,000 stations across mainland China, creating substantial demand for battery swapping equipment [3]. Group 3: Technological Advancements - Kandi Technologies is recognized as a pioneering force in China's electric vehicle battery swapping ecosystem, featuring an intelligent battery swapping system with rapid 90-second swapping and automated billing [4]. - The company’s system includes nine core modules, enhancing operational efficiency and user experience in battery swapping [4]. Group 4: Company Background - Kandi Technologies Group, Inc. specializes in the research, development, and manufacturing of all-electric personal transportation and utility vehicles, with a focus on off-road mobility solutions [7]. - The company is headquartered in Jinhua, China, and is actively pursuing opportunities in emerging high-tech areas, leveraging its robust manufacturing capabilities [7].