CATL and Sinopec Sign Strategic Deal to Build Nationwide Battery Swap Ecosystem

Recently, CATL (Contemporary Amperex Technology Co., Limited) and Sinopec (China Petroleum & Chemical Corporation) signed a strategic cooperation framework agreement in Beijing.

Under the agreement, the two parties will deepen their long-term strategic partnership and jointly build a nationwide battery swap ecosystem. This year, they plan to construct no fewer than 500 battery swap stations, with a long-term goal of expanding to 10,000 stations.

This collaboration marks a new phase in the systematic development of the battery swap ecosystem. As a traditional energy giant and a leading new energy enterprise, Sinopec and CATL will work together to promote standardization in power and energy infrastructure, aiming to establish a comprehensive national energy network. Their efforts will contribute a Chinese model for global energy transition.