EconomyCan battery swapping and energy storage drive CATL’s next growth phase?

CATL, the world’s largest battery maker, is expanding into battery swapping and energy storage to find new growth drivers as price wars intensify and profitability faces mounting pressure. The path is challenging: Nio already has a strong foothold in swapping, while BYD has reinforced its position in energy-storage systems.

CATLbattery swappingenergy storagebattery industry

SSouth China Morning Post★★☆☆☆2026-10-31 08:00Original