Photo: CATL
Chinese battery manufacturer Contemporary Amperex Technology Limited (CATL) haws partnered with Chinese oil company Sinopec to build a battery swapping network across China.
The two companies are aiming to construct at least 500 battery-swap stations by the end of this year and up to 10,000 stations in the long run.
At the ceremony, CAES and QIJI Energy – subsidiaries of CATL – signed Battery Swapping Business Cooperation Agreement with Sinopec.
Both companies will leverage their respective advantages, in which Sinopec, with its nationwide gas station network and energy infrastructure capabilities, and CATL, with its R&D expertise in cutting-edge battery technology and battery swap system.
Yang Jun, CEO of CATL’s battery swapping arm CAES, said:
“The trend toward full electrification in the automotive industry is becoming increasingly clear, and the market is calling for a more complete energy supply network. CATL hopes to make battery swap as convenient as refueling through this cooperation with Sinopec, a mission and vision shared by battery swap players.”
QiJi Energy has worked with major truck manufacturers including Sinotruk, Jiefang, Foton, and DeepWay to co-launch over 30 models featuring chassis battery swapping solutions.
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