China news brief
Can battery swapping and energy storage power CATL’s next phase of growth?
NEWS DESKChina
PUBLISHEDOct 31, 2026, 8:00 AM
What the source reports
Contemporary Amperex Technology Ltd (CATL) has doubled down on new businesses including battery swapping and energy storage as the world’s largest battery maker seeks new growth drivers amid intensifying price wars and mounting pressure on profitability.
But the new path is far from straightforward. Established players like Nio have already built a strong presence in battery swapping, while BYD has reinforced its…
Main source: SCMP
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