CATL is accelerating its battery swap expansion, aiming to increase its EVOGO station count by 1.5 times next year and reach 1,000 locations by the end of 2025, according to its subsidiary Contemporary Amperex Energy Service Technology (CAES).
Currently, CAES operates 700 battery swap stations across 39 Chinese cities. By 2026, CATL plans to operate more than 2,500 stations in over 120 cities, as part of a long-term strategy to develop a nationwide battery swap network. The EVOGO brand was launched in January 2022, marking CATL’s entry into the battery swap market, previously dominated by Nio.
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In December 2024, CATL introduced two new standardized Choco-SEB battery packs, #20 and #25, designed for passenger vehicles. The company aims to create a uniform battery ecosystem, supporting broader adoption of battery swapping alongside home and public charging.
Looking further ahead, CATL plans to scale its network to 30,000 stations, with the last 10,000 locations to be developed collaboratively with partners. By 2030, battery swapping, home charging, and public charging are expected to each account for roughly one-third of EV owners’ energy needs.
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Financially, CATL retained its leading market position with a 42.81% share of China’s power battery installations in September, totaling 32.51 GWh, according to the China Automotive Battery Innovation Alliance (CABIA). The company reported net income of RMB 18.5 billion ($2.6 billion) for the third quarter, a 41.21% year-on-year increase, and revenue of RMB 104.2 billion, up 12.9% from the same period last year.
CATL’s expansion of its EVOGO network and the rollout of standardized battery packs reflect the company’s strategy to strengthen its EV infrastructure while offering flexible, sustainable energy solutions for electric vehicle owners.
Source: CNEVPOST
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