Kandi Technologies Subsidiary Lands CATL Battery Swap Station Order; Shares Fall Pre-Bell

Kandi Technologies' (KNDI) wholly owned China Battery Exchange unit received an order from CATL's QIJI Energy to supply equipment for 18 heavy-truck battery swap stations, the company said Monday.

The company said it will provide equipment and deployment services for the stations, with the order marking the first commercial procurement under its partnership with QIJI Energy.

Kandi added the order supports CATL's plan to build about 900 heavy-truck battery swap stations by the end of 2026 and is expected to strengthen its order pipeline.

Kandi Technologies shares were down over 21% in premarket activity Monday.

Price: $0.56, Change: $-0.15, Percent Change: -21.30%

Top Cryptocurrencies Lower; Bitcoin Holds Above $64,000

Major digital assets were broadly weaker Friday, with Bitcoin (BTC-USD) down but still holding above $64,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 1% in the past 24 hours. The Nasdaq fell 1.3%, the S&P 500 declined 0.9%, and the Dow Jones Industrial Average decreased 0.6%.Bitcoin fell 0.1% to $64,073, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 1.1% to $27.44 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, was down 1.5% to $1,842.XRP (XRP-USD) lost 0.5%, BNB (BNB-USD) fell 1.3%, and Solana (SOL-USD) decreased 0.9%. Dogecoin (DOGE-USD) dropped 0.7%, while Cardano (ADA-USD) rose 2.2%.The US 10-year Treasury yield stood at 5.064% at 3 p.m. ET Friday, down from 5.094% Thursday, while the five-year yield fell to 4.270% from 4.280%.The total market value of the cryptocurrency industry dropped 0.4% in the past 24 hours to $2.19 trillion, with trading volume increasing 2.4% to $65.41 billion.Price: $64125.86, Change: $+337.34, Percent Change: +0.53%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD

Apple Raises Apple Music Subscription Prices

Apple (AAPL) is raising prices for Apple Music subscription plans, marking its first rate increase for the service since fall 2022, citing higher music licensing costs, multiple outlets reported Friday.The new pricing is effective in many markets worldwide, including the U.S., where the individual plan is rising to $11.99 per month from $10.99, according to the report.The family plan, covering up to six accounts, is increasing to $19.99 monthly from $16.99, while the student plan is rising to $6.99 from $5.99, the reports said.Price: $333.17, Change: $-0.09, Percent Change: -0.03%

$AAPL

Kandi Technologies Subsidiary Lands CATL Battery Swap Station Order; Shares Fall Pre-Bell

Related Articles

Top Cryptocurrencies Lower; Bitcoin Holds Above $64,000

Apple Raises Apple Music Subscription Prices

ERock Shares Rise After BofA Upgrade