China intensifies focus on EV battery swapping as CATL joins the battle with NIO

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Tesla abandoned the concept and smaller companies have struggled, with Better Place, a pioneer in battery swapping, declaring bankruptcy in 2013. “NIO has proven battery swapping can work and now it is CATL’s turn,” said China auto market analyst Lei Xing. CATL and NIO also differ in their approach to building battery swap facilities. “I think CATL will definitely have a leading role in the wider rollout of battery swapping,” Kollar told TechNode. “I think it is going to be a two-way race in the Chinese battery swapping space,” Xing said.