CATL's expansion into battery swapping is a strategic move to mitigate the impact of EV price wars.

CATL, the world's largest battery maker, is diversifying into battery swapping and energy storage as price wars and a consumption tax squeeze margins. It has signed four swapping partnerships this month, including with Dongfeng and Huawei's Yinwang unit, and created a storage arm with 750M USD of capital. https://www.scmp.com/business/climate-and-energy/article/3372711/can-battery-swapping-and-energy-storage-power-catls-next-phase-growth #China #Tech #EV

CATL, the world's largest battery maker, is pushing into grid-scale storage and battery swapping to outrun China's EV price war. It has created a storage subsidiary with 750M USD of capital and agreed a 3 gigawatt-hour sodium-ion project with Germany's Intilion, while data centre demand keeps orders climbing. https://www.scmp.com/business/climate-and-energy/article/3372711/can-battery-swapping-and-energy-storage-power-catls-next-phase-growth #Tech #Startup #News #ClimateTech