New Energy Vehicles (NEV) and in particular battery electric vehicles are widely seen as key to make transport more sustainable and climate-friendly, and, in line with the promotion of renewable energy.
Meanwhile, a key concern regarding battery electric propulsion is the relative limitation of range compared to the internal combustion engine (ICE) and the time needed to recharge the batteries. In addition, worries about battery depreciation and high costs are often hindering customers from switching from ICE to battery electric vehicles. Battery swapping promises to solve those issues by, as a complement to conventional charging. In addition to battery swapping technology, Battery-as-a-Service (BaaS) is providing innovative business models linked to the energy industry. This paper provides an overview of the current state of battery swapping and BaaS in China to relevant stakeholders and references for futher discussions.
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