Most Viewed Content:

Jim Keller: Innovation is happening, RISC-V will win

In the global market, x86 architecture in the high-performance...

Tesla executives: Model 3 / Y is too good to sell

Martin Viecha, head of investor relations for Tesla, was...

Porsche Taycan electric car crashes and catches fire, driver burned to death

Porsche's electric car Taycan has recently been caught in...

CATL Considers Expanding Power Exchange Business to International Markets

(Bloomberg) — CATL, the world’s largest electric vehicle battery maker, is evaluating whether to expand its battery-swapping business to the European market, an executive at the company said, according to CNBC.

In January this year, CATL announced its entry into the power exchange industry, releasing EVOGO, a brand for power exchange services, and a combined power exchange solution, with plans to launch the first batch of power exchange services in 10 cities. CATL combined power exchange solution consists of three products: “power exchange block, quick exchange station and app”. In April this year, the CATL EVOGO power exchange service was officially launched in Xiamen, which is also the first city where the service has landed.

And Azure, which has been laying out the power exchange market, told Reuters this week that its co-founder Qin Lihong plans to build 1,000 exchanges outside China by 2025, most of them in Europe.

Li Xiaoning, executive president of overseas commercial applications at CATL, said in an interview with CNBC on Thursday that the company is also evaluating expanding its battery-swap offerings to Europe. “We are starting to evaluate potential cooperation with many partners. We need to understand the details in practice,” he added, “and there are many things we are considering. Product technology is one thing, another thing is the business case, regulations, local rules, and other factors we need to consider as well.”

If CATL expands its business overseas, it could help foreign automakers offer power-swap services to customers without having to build their own expensive infrastructure.

CATL is facing various challenges, including rising costs of raw materials such as lithium, but the company still doubled its profit in the second quarter as demand for electric vehicles continues to be strong.

Separately, Matthias Zentgraf, president of Europe for Chinese battery maker CATL, said in an interview that the company is considering opening a third plant in Europe and that internal discussions are underway but no definitive decision has been made, according to Bloomberg, which said, “If there is no demand, we will not build a third plant .”

Latest

Garmin launches HRM-Pro Plus dual-mode heart rate sensor, priced at 900 yuan

According to Garmin’s official news, Garmin has released the...

Mozilla: Apple, Google and Microsoft OS lockdown browsers, limiting freedom of choice

Mozilla, the nonprofit group behind Firefox, says technology giants...

OnexFly handheld images appear: 6-inch screen, with R5 7520U Chip

A few days ago, OneBook announced that it will...

Volkswagen L5 self-driving prototype Gen.Travel debuts with sci-fi styling

The Volkswagen Group will present an innovative design study...
spot_img

Newsletter

Don't miss

Garmin launches HRM-Pro Plus dual-mode heart rate sensor, priced at 900 yuan

According to Garmin’s official news, Garmin has released the...

Mozilla: Apple, Google and Microsoft OS lockdown browsers, limiting freedom of choice

Mozilla, the nonprofit group behind Firefox, says technology giants...

OnexFly handheld images appear: 6-inch screen, with R5 7520U Chip

A few days ago, OneBook announced that it will...

Volkswagen L5 self-driving prototype Gen.Travel debuts with sci-fi styling

The Volkswagen Group will present an innovative design study...

Ericsson says it has stopped selling hardware to Russia, only software support

Ericsson said on Friday that it has only provided...
Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.
spot_imgspot_img

AMD confirms Ryzen CPUs powered by Xilinx AI Engine are already running in lab

Tech analyst David Schor said on Twitter that the president of AMD's Adaptive and Embedded Computing Group confirmed during the AI Hardware Summit that...

OnePlus 11 Pro specs revealed: Snapdragon 8 Gen 2 SoC and more

OnePlus has launched several devices under its numbered series this year, including the OnePlus 10 Pro, OnePlus 10T and OnePlus 10R. Now it's time...

SoftBank considers Arm’s strategic partnership with Samsung

Japan's SoftBank Group reportedly said the company will discuss forming a strategic partnership between Arm, its British chip design unit, and South Korea's Samsung...