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CATL's Standardized Battery Swap Model Rooted in HK, w/ Plans to Build 10 Swap Stations by End-2026
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CATL (03750.HK)(300750.SZ) subsidiaries Times Electric Service Technology (literal translation of "時代電服科技"), Times Xiaojie New Energy Technology (literal translation of "時代小桔新能源技術"), China FAW Group Import and Export, and Dragon Rise New Energy Holdings signed a strategic cooperation agreement in Hong Kong.

They aim to jointly promote the large-scale application of battery swap operation vehicles and plan to build ten battery swap stations by the end of 2026.

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This cooperation will advance the implementation of a standardized battery swap model, enhance the efficiency of green transportation in Hong Kong, and support the city's sustainable travel goals.

Moreover, large-scale application can reduce operating costs and promote the popularization of new energy vehicles.
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