Sinopec partners with CATL to create battery swap network in China, stock down

From Nasdaq: 2025-04-07 02:13:00

Sinopec has partnered with CATL to establish a nationwide battery swap network in China, with plans to build at least 500 stations by 2025. The goal is to create a new benchmark for green infrastructure in the country. The companies aim to provide a fast and convenient swapping experience for electric vehicle owners. The collaboration will also focus on developing smart energy microgrids and expanding into areas like zero-carbon solutions and battery materials. Stock for Sinopec is currently trading down 7 percent on the Shanghai Exchange.



Read more at Nasdaq: Sinopec In Deal With CATL To Develop 10K Battery Swap Stations Across China; Stock Down