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China is an early leader in the adoption of battery swapping technology and the Battery-as-a-Service (BaaS) business model, thanks to growing policy support since 2020 and the success of some early entrants such as Nio, BAIC and Aulton. The latest Strategy Analytics Electric Vehicles Service (EVS) report, The Rising Battery Swapping Market in China analyzes the Chinese battery swapping market and notes that different players from diverse backgrounds are coming together in the development and exploitation of the battery swapping business model and its opportunities.
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Battery Swapping Eco-System; Source: Strategy Analytics, Inc.
Long charging times are perceived as a bottleneck to OEMs seeing increased BEV sales. Battery swapping technology is emerging as an alternative to battery charging infrastructure provisioning a BEV driver with a fully charged battery in a time that is comparable with…
Full story available on Benzinga.com
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