CATL expands into battery swapping and energy storage amid price wars
AICATL, the world's largest battery maker, is accelerating investment in battery swapping and energy storage as it seeks new growth drivers amid intensifying price wars and pressure on profitability. Nio already has a strong presence in battery swapping, and BYD has reinforced its position in energy-storage systems.
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South China Morning Post · Tech · Themis Qi · scmp.comPublished
Original title: Can battery swapping and energy storage power CATL’s next phase of growth?