Startups
Stealthy Battery Company Backed By Bill Gates, Jeff Bezos Has A Lot To Prove
August 28, 2021
December 19, 2024
By Evans Momodu
2 minute read
China is poised for a significant expansion in electric vehicle (EV) battery swapping infrastructure as global battery giant CATL announced a substantial investment in new stations for 2025.
Battery swapping allows EV drivers to replace depleted batteries with fully charged ones at designated stations, offering a faster alternative to traditional charging.
While the technology may thrive in China, its adoption in other regions faces hurdles:
CATL's commitment signals confidence in the technology's future, but its global viability remains uncertain.
Source: AP