CATL Expands Battery-Swapping Business Amid EV Sales Surge

(Bloomberg) — China’s Contemporary Amperex Technology Co. Ltd. is moving deeper into the battery-swap game as the world’s largest maker of electric vehicle batteries seeks to make switching to an electric car cheaper and more convenient for consumers.

CATL, as the Ningde, Fujian-based company is known, unveiled its latest battery plan at a briefing Tuesday, showing off a range of specially designed modular batteries that fit three to a pack. Each has a driving range of 200 kilometers and can be swapped out in as little as one minute, giving drivers the option of powering up or powering down depending on how far they’re going.