Kandi, CBAK Plan to Launch Lithium Battery Facilities in the US

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Kandi, CBAK Plan to Launch Lithium Battery Facilities in the US

, MT Newswires - 10:57 AM ET 4/14/2025 default

10:57 AM EDT, 04/14/2025 (MT Newswires) -- Kandi Technologies ( KNDI ) and CBAK Energy Technology ( CBAT ) said Monday they are partnering to establish two lithium battery production facilities in the US.

The first facility will assemble battery packs and is planned for development in the near term, while the second facility, focused on battery cell production, is a longer-term goal dependent on favorable market conditions, the companies said.

Kandi ( KNDI ) will own 90% of the battery pack facility, while CBAK will lead the battery cell plant with a 90% stake, they said.

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