CATL and Didi’s New Venture in Battery Swap Services

CATL, a leading EV battery manufacturer, and Didi, a major ride-hailing service provider, have formed a joint venture for battery swapping.

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CATL and Didi have officially launched a joint venture to provide battery swap services for new energy vehicles (NEVs). The partnership was announced on January 26, 2024, in Ningde, Fujian. The joint venture focuses on the ride-hailing market, aiming to provide efficient battery swap services for NEVs, which are becoming increasingly popular in this industry.

The initiative combines CATL and Didi’s technical and operational strengths to raise service standards, improve resource utilization, and increase operational efficiency in the ride-hailing industry. Recognizing the large user base and high demand for energy in the public transportation market, this venture focuses on one of the most profitable application areas for battery swap services. CATL and Didi intend to rapidly deploy battery swap stations and promote vehicles that can be battery swapped, with the goal of improving the operational efficiency of the energy replenishment market for the general public.

CATL had previously launched its battery swap brand, EVOGO, which provides customizable battery blocks (Choco-SEB) to meet various mileage requirements, demonstrating the company’s continued commitment to the battery swap market. Despite the introduction of EVOGO, its adoption has been gradual, with battery swap stations opening in a few cities such as Xiamen, Fuzhou, Guiyang, and Hefei in the last two years. In addition to the joint venture, CATL has formed a strategic alliance with Didi’s energy service provider, Orange Energy, to collaborate on energy storage and charging projects.

Currently, CATL is the world’s leading power battery manufacturer, with a market share of 37.4% from January to November 2023, the only company to exceed 30%, according to SNE Research.

Source: CNEVPOST

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