Kandi's China Battery Exchange Secures Second CATL Heavy-Truck Battery Swap Station Order
KNDI sits 30% above its 52-week low of $0.478 on light trading volume (0.2× avg).
Summary
Kandi's subsidiary China Battery Exchange received a second batch order for heavy-truck battery swap stations from CATL's QIJI Energy, just two months after the first order in July 2026. This follow-on order validates the commercial relationship and suggests CATL is scaling its battery swapping program. The Lin'an facility, with capacity for up to 200 stations annually, supports fulfillment. The company reported H1 2026 net income up 452% year-over-year, providing a strong financial backdrop. Watch for further order announcements as CATL expands its heavy-truck battery swap network.
At the time of this announcement, KNDI was trading at $0.62 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $59M. The 52-week trading range was $0.48 to $1.35. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.