CATL and Sinopec recently inked a cooperation framework agreement in Beijing. According to the agreement, both parties will commit to extensive and long-term strategic partnership in the hope of accomplishing a battery-swapping ecosystem across the whole nation, with no less than 500 battery swap stations complete in this year, and up to 10,000 ones in the long run.

Previously, CATL and Sinopec already established a solid cooperation in aspects like the construction and operation of integrated energy station, energy storage, energy products，new materials and technological innovation. Moving forward, the two companies will leverage their respective strengths to further expand collaboration in the battery swap sector.

At the ceremony, CAES and QIJI Energy - subsidiaries of CATL - signed Battery Swapping Business Cooperation Agreement with Sinopec Sales Co., Ltd. In the progress of "10,000 Battery Swap Stations Vision", both parties will work together to create an integrated service network connecting "People, Vehicles, Energy, and Life," which will provide standardized and scalable support for the achievement of China's "dual-carbon" goals.

"The trend toward full electrification in the automotive industry is becoming increasingly clear, and the market is calling for a more complete energy supply network. CATL hopes to make battery swap as convenient as refueling through this cooperation with Sinopec, a mission and vision shared by battery swap players." said Yang Jun, CEO of CATL's battery swapping arm CAES.

Regarding compatible battery-swap vehicle models, CAES based on the Choco-Swap solutions, has partnered with several mainstream automakers to launch models such as the Changan Oshan 520, Aion S, and FAW Hongqi EQM5. QiJi Energy, based on the QiJi battery swapping solutions, has worked with major truck manufacturers including Sinotruk, Jiefang, Foton, and DeepWay to co-launch over 30 models featuring chassis battery swapping solutions.