Written by Cláudio Afonso | LinkedIn | X
The world’s largest EV battery maker CATL signed a partnership with China’s used car retailer Uxin to integrate the “vehicle-battery separation” model into the used EV market.
The collaboration, under CATL’s subsidiary Times Electric Service, aims to separate vehicle ownership from the battery, allowing consumers to purchase vehicles without the battery cost while accessing battery swapping services.
The battery giant announced its entry into the battery swap market in January 2022 with the launch of a new brand, Evogo. The company said by then that its stations could store up to 48 battery blocks and replace a single battery block in about a minute.
Both companies will develop an online trading platform for vehicles and batteries, providing inspection and certification services for battery-swappable vehicles, and expanding infrastructure for battery swapping stations.
Uxin, which specializes in used car transactions and services, will leverage its market expertise to support the project.
Over the first ten months of the year, CATL achieved a market share of 36.8% with BYD following with 16.8%. LG Energy solutions ranked third with 11.8%.
Written by Cláudio Afonso | LinkedIn | X
