CATL says it has co-developed 10 new EV models with swappable batteries

CATL is partnering with automakers to launch 10 new EVs with swappable "choco-swap" batteries. They aim to build 1,000 swapping stations next year and envision 30,000-40,000 stations eventually replacing a third of China's gas stations. The service starts at $51 per month, and CATL believes battery swapping will be a key EV power solution by 2030.