Kandi Technologies (KNDI) and CBAK Energy Technology (CBAT) jointly announced a strategic partnership to establish two lithium battery production facilities in the U.S., with locations under evaluation. The first facility, focused on battery pack assembly, is slated for near-term development. The second facility, dedicated to battery cell manufacturing, represents a longer-term initiative that both parties intend to pursue when conditions are favorable. Each facility will be operated as a separate joint venture between Kandi and CBAK, with differing ownership structures tailored to the specific nature and scope of each project. The partnership represents a significant milestone in Kandi’s North American strategy. By building localized production capacity for both battery cells and battery packs, Kandi and CBAK are addressing rising demand in the region’s rapidly growing off-road and recreational vehicle segments. The collaboration also enhances supply chain resilience and aligns with clean energy incentives under the U.S. Inflation Reduction Act, offering a forward-looking response to global trade and localization pressures while unlocking long-term growth potential.