JAKARTA The global battery giant, CATL, announced rapid progress in the construction of their battery swap station. The company is optimistic that it can achieve an ambitious target of 1,000 stations for passenger vehicles by the end of 2025.
As of the end of July, CATL has managed to build more than 400 battery exchange stations for passenger vehicles. This figure puts them on the right track to meet the target of 1,000 stations by the end of the year, the company announced in their half-year performance report today.
Not only for passenger cars, CNEVPost reported on Thursday, July 31, the CATL battery exchange business for heavy-duty trucks is also showing significant progress. Currently, about 100 battery exchange stations for heavy-duty trucks have been operating, with an expansion plan of around 300 stations by the end of this year.
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CATL does not work alone in realizing this ambition. They have collaborated with various automotive manufacturers, launching more than 20 vehicle models that support battery exchange using their Choco-SEB technology.
To accelerate the development of the battery exchange ecosystem, CATL is also establishing strategic cooperation with large companies such as Sinopec, Nio Inc, and Didi. This collaboration is expected to encourage wider adoption of battery exchange technology in the market.
CATL's rapid progress in battery exchange infrastructure is in line with their solid financial performance. In the financial statements released yesterday, CATL recorded a net profit of 16.6 billion yuan (more than IDR 37 trillion) in the second quarter, an increase of 34 percent compared to the previous year.
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