Canditech's wholly-owned subsidiary has become a supplier of equipment for Nengency's battery swap stations.

On August 12, Condi Technology's wholly-owned subsidiary, Zhonghuan Electric Technology Co., Ltd., announced that it has officially signed a "Framework Purchase Contract" with CATL (Contemporary Amperex Technology Co. Limited) and has become a supplier of battery swapping station equipment for CATL. Currently, the two parties have already begun the first heavy-duty truck battery swapping station order. This cooperation marks the official entry of Zhonghuan Electric into CATL's global supplier system, providing hardware support and jointly promoting the standardization construction of battery swapping stations.