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Tesla supplier CATL evaluating battery swapping business overseas

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CATL is the world’s largest electric vehicle battery maker and supplier to the likes of Tesla and Ford.

Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images

The world’s largest electric vehicle battery maker CATL is evaluating whether to expand its battery swapping business to international markets, a senior executive told CNBC.

CATL, or Contemporary Amperex Technology Co. Limited, is a supplier to companies such as Tesla and Ford.

In January, the Chinese battery manufacturer launched its battery swapping business called EVOGO in China across 10 cities. The aim is to remove…



Source cnbc.com

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