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Kandi Technologies order of 12,036 lithium iron phosphate battery for $30.3M

Kandi Technologies announced that that Jinhua Kandi New Energy Vehicles, a subsidiary of Kandi, has signed a sales contract to purchase 12,036 cases of 80V66Ah lithium iron phosphate battery from Zhejiang Wanxiang Ener1 Power System, a subsidiary of Wanxiang Group Corporation to meet the battery demand for its electric vehicles for Hangzhou public EV sharing system. Each case of battery has 80 volt and 66 Ah capacity. The contract is valued at approximately $30.3M when all the purchase orders have been fulfilled.