Kandi Technologies Acquires Controlling Interest in Battery Manufacturer Xinchu New Energy

Kandi Technologies Group Inc. acquired a controlling interest in Xinchu New Energy, a company specializing in the development and manufacturing of lithium-ion battery systems. This transaction grants Kandi Technologies a majority stake in the firm, integrating Xinchu’s energy storage and battery technology capabilities into its existing electric vehicle operations.

The acquisition provides Kandi Technologies with direct access to Xinchu’s production facilities and proprietary battery management systems. By securing this controlling stake, Kandi Technologies intends to streamline its supply chain for battery components used in its electric vehicle product lines. The agreement includes provisions for the continued operation of Xinchu’s current manufacturing infrastructure, which focuses on high-capacity energy storage solutions. Both companies expect the integration to facilitate the development of new battery technologies for future vehicle models.

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Source: GO-AI-ne1

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Date: June 29, 2026

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GOAI