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CATL expands battery swap partnership as BAIC plans adoption across multiple brands

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CATL expands battery swap partnership as BAIC plans adoption across multiple brands

Beijing Automotive Group, or BAIC Group, has reached an agreement with CATL (HKEX: 3750) to deepen their battery swap partnership, expanding the range of compatible models and using its dealer network to support station construction.

The companies have formally signed the agreement, covering vehicle and battery development, swap station network construction, battery energy services and business model innovation, BAIC said in a statement on Thursday.

Under the agreement, BAIC will connect compatible models across multiple brands to CATL's Choco swap network and jointly develop nationwide public energy replenishment infrastructure.

BAIC will also open its dealer network to support CATL's deployment of swap stations around dealerships. The companies will work with dealers to explore joint station development and operation.

The companies plan to consolidate battery swap assets under specialized management, improve operating efficiency through a division of responsibilities, and promote unified swap standards and shared, interoperable networks.

Their goal is to build China's first mature battery swap ecosystem serving vehicles in the million level, BAIC said. The statement did not provide a timeline or identify additional models or the number of stations to be built.

The agreement builds on an existing partnership. In June 2024, BAIC and CATL signed a deal covering swap-compatible vehicles, battery block development and battery data management.

BAIC's electric vehicle brand Arcfox launched the Beta S3 on May 22 this year. Its battery swap version uses CATL's Choco-SEB solution and offers a battery rental option.

In August, a battery swap version of the Arcfox Beta T1 also appeared in a vehicle filing catalog published by China's Ministry of Industry and Information Technology (MIIT).


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