KNDI

Current Climate brings you the latest news about the business of sustainability every Monday. Sign up to get it in your inbox.

The average transaction price for EVs was $56,126 in July, according to Kelley Blue Book. That's a 1.6% increase compared to July 2025.

Henry Green of KraneShares explains why he remains bearish on Rivian (RIVN), pointing to challenges in the U.S. EV market and the expiration of tax credits. He also discusses global EV opportunities, including China, before Tom White outlines a bullish options strategy for Tesla (TSLA).

Noah Hamman sets the stage for Tesla's (TSLA) earnings after Wednesday's closing bell. His biggest point of focus: EV sales, which he believes will show growth thanks to international markets.

First Batch Order Marks China Battery Exchange's Entry into Commercial Deployment Under CATL Partnership Jinhua, China, July 20, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ GS: KNDI), a global innovator in intelligent equipment and a technology-driven platform company, today announced that its wholly-owned subsidiary, China Battery Exchange (Zhejiang) Technology Co., Ltd. (“China Battery Exchange”), has secured an equipment procurement order from QIJI Energy (as defined below), the heavy-truck battery swap brand under Contemporary Amperex Technology Co., Limited (“CATL”).

Lin'an facility supports scaled production of battery swap equipment for heavy-duty trucks JINHUA, China, July 15, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi Technologies” or the “Company”) (NASDAQ: KNDI), a global innovator in intelligent equipment and a technology-driven platform company, today announced that its wholly-owned subsidiary, China Battery Exchange (Zhejiang) Technology Co., Ltd. (“China Battery Exchange”), has begun production at its battery swap equipment manufacturing base in Lin'an.

The California-based startup has struggled with sales, quality issues and turnover.

Sweden's Polestar reported a 4% fall in quarterly sales volumes on Thursday, weeks after the EV maker was handed a U.S. market ban ​starting in the 2027 model year, adding to its ongoing struggles ‌to turn a profit.

Advancing Community New Energy Mobility across China with a Scalable, Long-Term Operating Model JINHUA, China, July 07, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a global innovator in intelligent equipment and a technology-driven platform company, today announced that its subsidiary, Kandi Electric Vehicles (Hainan) Co., Ltd. (“Kandi Hainan”), has entered into an exclusive five-year strategic cooperation agreement with Zhejiang Greentown Community Business Group Co., Ltd.

Establishes Kandi's entry into backup power and energy storage solutions for rapidly-growing AI data center market Jinhua, China, June 29, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ GS: KNDI), a global innovator in intelligent equipment and a technology-driven platform company, today announced that it has entered into certain investment agreements to acquire a 51% controlling stake in Hangzhou Xinchu New Energy Technology Co., Ltd. (“Xinchu”), an emerging provider of lithium battery backup power and battery management systems for data centers and telecom base stations, for a total cash consideration of RMB20 million (approximately US$2.9 million).