Press Release

CBAK Energy and Kandi Group signed supply framework agreement

CBAK Energy Technology, Inc., a world’s leading lithium-ion battery manufacturer and electric energy solution provider, announced that its wholly-owned subsidiary, Dalian CBAK Energy Technology Co., LTD signed Supply Framework Agreement with Zhejiang Kandi Vehicles Co., Ltd., a wholly-owned subsidiary of Kandi Technology Group in Hangzhou, Zhejiang┬áprovince. They will promote the development of pure electric vehicle together. The two parties will play their respective advantage, complement each other with their respective resources. A long-term strategic cooperation partnership would be built for the development, supply and recycling of power batteries.

According to the Supply Framework Agreement, Kandi Vehicles is planning to purchase 800 million RMB (approximately 120 million USD) worth of battery pack system and customized battery manufacturing service in 2021. The power batteries of Dalian CBAK has advantages below: high efficiency power output, good high-temperature performance, long cycle life and fast charging speed. With the help of those qualities, CBAK Energy can help Kandi Vehicles’ electrical vehicles to further upgrade. The two parties will build a green and beautiful future travelling together.

As a world leading lithium ion power battery provider. CBAK Energy focuses on the development, manufacturing and sales of new energy vehicle power battery system solution and energy storage system. CBAK Energy provides the best solutions for global new energy application. Our products cover model 26650 and model 32140 cylindrical Lithium iron phosphate batteries, ternary batteries and lithium manganate batteries. The 32140 cylindrical cell has successfully adopted the tab-less design, which greatly reduced the cell’s impedance and effectively solved the heat dissipation problem for large size lithium ion batteries. Compared to tesla’s 4680 model, which they only applied tab-less design on anode, CBAK’s 32140 battery is tab-less on both cathode and anode, which significantly optimized cell’s performance.

Meanwhile, by enhancing the manufacturing procedure, the difficulty in electrolyte soaking and loss of space in the battery’s case caused by tab-less design has been solved. The application of our product is very competitive in the market which includes passenger vehicle and energy storage etc. 

There is no doubt that CBAK Energy and Kandi Group will extend the in-depth and long-term cooperation, which would facilitate the vehicle industry to become greener and smarter. Win-win result and development would be brought for both parties.

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