Kandi and CBAK Announce Strategic Partnership to Launch U.S. Lithium Battery Facilities in Phases
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 14 2025
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Source: Globenewswire
Partnership Announcement: Kandi Technologies and CBAK Energy have formed a strategic partnership to establish two lithium battery production facilities in the U.S. to meet the growing demand for off-road vehicles and align with clean energy incentives under the U.S. Inflation Reduction Act.
Market Potential and Production Plans: The partnership aims to capture a significant share of the North American market for off-road vehicles, which is projected to grow from $16.7 billion in 2024 to approximately $25 billion by 2030, while ensuring an integrated supply chain for battery cells and packs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
