CATL Clarifies: M3P Battery Not Manganese-Based, But Ternary Lithium with Phosphate System

On June 22, CATL and Octopus Energy, the largest energy company in the UK, announced plans to establish a joint venture. The two parties will jointly build a heavy-duty truck battery swap network in Europe. CATL will introduce its Qiji battery swap technology to Europe, promoting the electrification transformation of road freight by enhancing the charging efficiency of heavy-duty trucks. According to the plan, in 2027, the two parties will complete the construction of the first batch of demonstration battery swap stations in the UK, prioritizing coverage of major highway trunk lines and key logistics ports. It is expected that by 2035, the battery swap station network will expand to more than 30 stations, with business reach extending to Scotland and Wales, forming a battery swap network covering the UK's core trunk routes.

Recently, the Spanish news agency EFE reported that BYD has announced an investment of 500 million Brazilian reais (approximately 100 million US dollars) to establish an energy storage battery production base in Brazil. This marks the largest dedicated investment in energy storage batteries in Brazil to date and signals an acceleration in BYD's energy transition strategy in Latin America. In its statement, BYD said that the investment will be implemented in a phased, incremental approach, steadily advancing the construction of energy storage battery production capacity. Addressing the specific characteristics of the Brazilian market, BYD noted that the region faces significant imbalances in electricity production, coupled with the essential energy demands of core high-consumption industries such as mining, agriculture, and livestock. These factors present extensive application scenarios for energy storage equipment, which can effectively address local power supply and demand gaps.

CATL and UK-based energy technology company Octopus Energy have established a joint venture named Swaptopus to develop a battery-swapping network for electric trucks across Europe. The first battery-swapping hubs in the UK are expected to begin operations in 2027, with plans to build more than 30 hubs across Europe by 2035. The partnership combines CATL's battery-swapping technology with Octopus Energy's energy management and trading capabilities to support the electrification of road freight.