CATL expands into battery swapping and energy storage amid price wars
Overview
CATL, the world's largest battery maker, is accelerating investment in battery swapping and energy storage to find new growth as price wars and pressure on profitability intensify, according to the South China Morning Post.
The report says Nio already has a strong presence in battery swapping and BYD has reinforced its position in energy-storage systems. WaterRock Energy Economics director Lucas Zhang Liutong says competition in both sectors is "already quite intense."
Written by AI from the articles below · updated Oct 31, 4:02 AM ET
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- South China Morning Post · TechNewsCATL 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. WaterRock Energy Economics director Lucas Zhang Liutong says competition in both sectors is "already quite intense."
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