CATL Expands Battery Swapping and Energy Storage Businesses
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On 31 October 2026, a South China Morning Post business report said CATL is stepping up efforts to develop new businesses such as battery swapping and energy storage to seek new growth drivers amid intensifying price wars and rising profit pressure. The report also noted that NIO has already established a firm position in battery swapping, while BYD has consolidated its position in energy storage systems, meaning CATL will face incumbent competitors as it expands into these businesses.
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- 南華早報·商業CATL Steps Up Battery Swapping and Energy Storage Businesses in Search of New Growth Drivers
CATL is stepping up development of new businesses such as battery swapping and energy storage to seek new growth drivers amid intensifying price wars and rising profit pressure. However, Nio has already established a firm position in battery swapping, while BYD has consolidated its own position in energy storage systems.
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