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Sinopec and CATL Join Forces to Build 10,000 Battery Swap Stations, Pioneering a New Era of Green Mobility
China Petroleum & Chemical Corporation ("Sinopec", HKG: 0386), one of China's largest integrated energy and chemical companies, and CATL (Contemporary Amperex Technology Co., Limited), the global leader in new energy innovative technologies, signed an industry and capital cooperation framework agreement in Beijing. The partnership aims to establish a nationwide battery swap network, setting a new benchmark for green infrastructure in China.
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[{"type":"text","content":"BEIJING, April 7, 2025 /PRNewswire/ -- China Petroleum & Chemical Corporation ("Sinopec", HKG: 0386), one of China's largest integrated energy and chemical companies, and CATL (Contemporary Amperex Technology Co., Limited), the global leader in new energy innovative technologies, signed an industry and capital cooperation framework agreement in Beijing. The partnership aims to establish a nationwide battery swap network, setting a new benchmark for green infrastructure in China.","length":506,"tagName":"p"},{"type":"image","alt":"Sinopec and CATL Join Forces to Build 10,000 Battery Swap Stations, Pioneering A New Era of Green Mobility. (PRNewsfoto/SINOPEC)","displaySize":"","headline":null,"caption":"Sinopec and CATL Join Forces to Build 10,000 Battery Swap Stations, Pioneering A New Era of Green Mobility. (PRNewsfoto/SINOPEC)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":260,"url":"https://media.zenfs.com/en/prnewswire.com/646140910adeba560fabc263295aad77"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/SBaKMrl37RBDlab7gLCpyQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ1ODtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/646140910adeba560fabc263295aad77","width":400,"height":260}},"href":"https://mma.prnewswire.com/media/2658888/Sinopec_CATL_Join_Forces_Build_10_000_Battery_Swap_Stations.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Under the agreement, the two industry giants will leverage their respective strengths to accelerate the development of battery swap ecosystems and standardize operations. This year, the collaboration targets the construction of no fewer than 500 battery swap stations, with a long-term goal of 10,000 stations, creating a seamless "swap-as-fast-as-refueling" experience for electric vehicle (EV) owners in China. The initiative aligns with China's national strategy to promote new infrastructure and low-carbon transportation.","length":540,"tagName":"p"},{"type":"text","content":"Ma Yongsheng, Chairman of Sinopec, emphasized the strategic significance of the partnership: "This collaboration marks another milestone in Sinopec's commitment to energy revolution and green development. By combining our energy supply capabilities, nationwide network, and customer service expertise with CATL's cutti...
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