China's CATL planning big expansion of battery swapping for EVs

XIAMEN, China: CATL, the world's largest electric vehicle (EV) battery manufacturer, is betting big on battery swapping.

Starting next year, the China-based company plans to open 1,000 battery swap stations, including in Hong Kong and Macao, with a long-term goal of 10,000 stations.

Battery swapping offers EV drivers a faster alternative to recharging: automated stations exchange depleted batteries for f