- FAW Hongqi's E-QM5 based on CATL's battery swap solution will be put into service as an electric cab in the Hong Kong market.
- CATL's long-term goal is to build a new energy mobility network covering Hong Kong and ASEAN through the Choco-SEB battery swap model.
CATL (SHE: 300750) has begun construction of its first battery swap station in Hong Kong, signaling that the power battery giant's battery swap business will target more than just the Chinese mainland market.
CATL, FAW Hongqi and Dragon Rise New Energy (Dragon Rise New Energy) jointly announced On January 13 that construction of Hong Kong's first Choco-SEB battery swap station has officially begun on Ping Che Road in Fanling, New Territories, according to an announcement yesterday.
This is Hong Kong's first battery swap station for passenger cars, marking a new stage in the development of new energy infrastructure in Hong Kong, CATL said.
CATL launched its battery swap brand EVOGO -- operated by subsidiary Contemporary Amperex Energy Service Technology (CAES) -- on January 18, 2022, officially entering the battery swap segment.
Last month, the battery maker made a major update to its battery swap business, announcing two standardized Choco-SEB packs, naming them #20 and #25, just as gasoline is available in the Chinese mainland as #92, #95, and #98.
CATL's battery swap solution is expected to help alleviate Hong Kong's land constraints and lack of charging infrastructure, it said.
Local company Dragon Rise New Energy will be responsible for resolving the land resources and construction matters for battery swap stations, as well as undertaking the vehicle sales business, according to CATL.
As one of the first vehicles to be built based on CATL's battery swap solution, FAW Hongqi's E-QM5 will be put into service as an electric cab in the Hong Kong market.
CATL's long-term goal is to build a new energy mobility network covering Hong Kong and ASEAN (Association of Southeast Asian Nations) through the Choco-SEB battery swap model, according to the announcement.
The new partnership will help improve Hong Kong's green mobilidty infrastructure and will also create new opportunities for business expansion of CATL's Choco-SEB battery swap ecology in the international markets, the battery maker said, adding that it will work with its partners to continue to promote the global application of the solution.
This is the latest win for CATL's battery swap business, after SAIC Motor (SHA: 600104) announced earlier this month that it will build battery swap-enabled models based on CATL's technology.
CATL reveals ambitious plans aimed at standardizing swappable batteries
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