Kandi Technologies Group, Inc.: Kandi Technologies' Subsidiary Xinchu New Energy Named Authorized Distributor of Schneider Electric

JINHUA, China, July 01, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the "Company" or "Kandi") (NASDAQ GS: KNDI), a global innovator in intelligent equipment and a technology-driven platform company, today announced that Hangzhou Xinchu New Energy Technology Co., Ltd. ("Xinchu"), which the Company has contracted to acquire 51% of the equity interests, has been named an authorized distributor by Schneider Electric IT (China) Co., Ltd. ("Schneider Electric") for fiscal year 2026. The authorization enables Xinchu to distribute and support Schneider Electric's APC, MGE, and Schneider-branded portfolio, including uninterruptible power supply (UPS) systems, cooling infrastructure, racks and cabinets, software, and related technical services. It also strengthens Xinchu's ability to deliver integrated power infrastructure solutions for data centers, telecommunications base stations, and energy storage systems.

This authorization also strengthens Kandi's position in the AI data center (AIDC) backup power and energy storage market by improving its access to products and supply chain resources that support data center energy infrastructure solutions. The Company believes the authorization represents an important milestone in expanding its upstream hardware capabilities and strengthening its supply chain foundation for its AIDC power and energy storage business.

Schneider Electric is a global leader in energy management and automation, offering a broad portfolio of data center infrastructure solutions, including UPS systems, power management, and physical infrastructure products. This authorized distributor designation enhances Xinchu's ability to participate in data center and telecommunications base station energy infrastructure projects. By combining Schneider Electric's proven UPS and data center infrastructure portfolio with Xinchu's proprietary energy storage batteries and Battery Management System (BMS) technologies, Xinchu can offer a complementary portfolio of solutions, enabling it to provide integrated, one-stop power solutions for both backup power and energy storage applications. This is expected to further strengthen the Company's competitive position in the AIDC market.

"As AI compute infrastructure continues to scale globally, the need for highly reliable backup power and energy storage solutions is becoming increasingly critical," said Mr. Feng Chen, Chief Executive Officer of Kandi. "Being an authorized distributor of Schneider Electric marks an important milestone in advancing Xinchu's capabilities in AIDC backup power and energy storage and further strengthens our ability to serve the data center energy infrastructure market. Looking ahead, we will continue to expand our presence in AIDC and broader new energy infrastructure applications, enhance our end-to-end solution capabilities, and capitalize on the significant opportunities arising from the global buildout of AI infrastructure."

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About Kandi Technologies Group, Inc.

Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) is a global innovator in intelligent equipment and a technology-driven platform company. Headquartered in Jinhua, China, the Company's primary focus is on intelligent mobility solutions, with an emphasis on the North American market, while actively pursuing opportunities in battery swap equipment, intelligent robotics and other emerging high-tech areas. Through its subsidiaries, Kandi Technologies leverages its robust manufacturing capabilities and technological expertise to deliver innovative products for a wide range of commercial and consumer applications.

For more information, please visit ir.kandigroup.com. The Company routinely posts important updates on its website.

For investor and media inquiries, please contact:

Kandi Technologies Group, Inc.
Kewa Luo
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Brandi Piacente
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