Kandi Technologies Group, Inc. Acquisition Hangzhou Xinchu New Energy Technology Co., Ltd. | Undisclosed Deal

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Kandi Technologies Group, Inc.

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Hangzhou Xinchu New Energy Technology Co., Ltd.

Deal Value

Undisclosed

Announced

Monday, June 29, 2026

Deal Details

Kandi is buying 51% of Xinchu New Energy to expand into backup power and energy storage solutions for AI data centers and telecom sites.

A company acquisition including technology, team, and intellectual property.

Related News

Kandi acquires Xinchu to enter AI data-center backup power

On June 29, 2026, China-based Kandi Technologies announced it will acquire a 51% controlling stake in Hangzhou Xinchu New Energy for RMB 20 million (about $2.9 million). The deal gives Kandi a foothold in lithium battery backup power and BMS solutions tailored for AI data centers and telecom infrastructure. ([globenewswire.com](https://www.globenewswire.com/news-release/2026/06/29/3318735/0/en/kandi-technologies-acquires-controlling-stake-in-xinchu-new-energy.html))

Jun 29, 2026

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