China's largest EV battery manufacturer, Contemporary Amperex Technology Company Limited (CATL), announced this week that it plans to build an additional 1,000 battery exchange stations by 2025, while continue to address concerns about the availability of electric vehicle (BEV) charging facilities in the country.
Growth in China-made BEV sales has slowed this year, with volumes up just 15% to 6.738 million units in the January-November period, while sales of plug-in hybrids rose 85% to 4.519 million units, according to data. published by the China Association of Automobile Manufacturers (CAAM).
CATL said some of the swap stations will be built in Macau and Hong Kong, where government efforts are being stepped up to encourage drivers to switch to BEVs. The company says the new stations will allow owners to change their batteries in as little as 100 seconds.
Earlier this week, CATL announced that it had added a new partner, FAW Group's Hongqi brand, to its battery exchange alliance following the arrival of Changan Automobile in November. Its long list of members also includes GAC Group, BAIC, Geely, Nio, Great Wall Motors, SAIC Motor and Xpeng.
Through its Contemporary Amperex Energy Service Technology (CAES) subsidiary, CATL's long-term goal is to operate more than 10,000 switching stations across the country. The company also offers battery rental services and works with its automotive partners to design batteries specifically designed for its swapping services.
CATL founder and chairman Robin Zeng Yuqun said in a statement: “CATL is determined to promote the best EV battery technologies. As the market leader, we join with our partners to create a strong ecosystem to achieve innovative breakthroughs.”
“CATL to add 1,000 more battery exchange stations by 2025” was originally created and published by Just Autoa brand owned by GlobalData.
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