Jinhua, China – August 12, 2025 – Kandi Technologies Group, Inc. (the “Company” or “Kandi Technologies”) (NASDAQ GS: KNDI), long renowned as a leader in all-electric personal transportation and utility vehicles,today announced that its wholly-owned subsidiary, China Battery Exchange (Zhejiang) Technology Co., Ltd. (“China Battery Exchange”) has entered into a “Framework Procurement Contract” (the “Agreement”) with Contemporary Amperex Technology Co., Ltd. (“CATL”) (300750.SZ),a global leaderofnew energy innovative technologies.

This partnership marks China Battery Exchange’s officialentry into CATL’s battery swap ecosystem, providing critical hardware support for CATL’s “Ten Thousand Station Plan” and deepeningKandi Technologies’ strategic footprint in the new energy infrastructure sector.

Pursuant tothe terms of the Agreement, China Battery Exchangewill provide standardized, high-performance battery swapping station equipment and comprehensive support solutions, including main station structures, advanced robotic arm systems, and precision battery compartment temperature control modules. With CATL’s target todeploy500 battery swapping stations this year and a long-term objectiveof over 10,000 stations all over mainland China, China Battery Exchangeis well-positionedto capitalize on the substantial demand of battery swapping equipment and support solutionsgenerated by this network. The Company anticipates a significant surge in future equipment orders as a result. China Battery Exchangeand CATL commenced coordination on the first order for heavy-truck battery swap stations:  the initial station is expected for delivery within three months, followed by a transition to small-batch production.

As a pioneering force in China’s electric vehicle (EV) battery swapping ecosystem, Kandi Technologies continues to expand its technological footprintand leadership in this rapidly evolvingindustry. The Company’s intelligent battery swapping system features nine core modules and offers key advantages, including one-click swapping, rapid 90-second battery swapping, automated billing, and real-time performance monitoring. Zhong Huan Electric, established in 2020, operates as a “comprehensive battery swapping solution provider”and delivers integrated “hardware + software + operation”solutions. 

Mr. Feng Chen, CEO of Kandi Technologies, commented, “This partnership between China Battery Exchangeand CATL represents a quintessential example of the synergy between a dedicated equipment supplier and an ecosystem leader. We are providing more than just advanced hardware, as we are helping accelerate the rollout of battery swap networks with standardized, intelligent solutions. This collaboration is set to unlock significant growth opportunities for Kandi Technologies within the new energy infrastructure sector.”