BAIC Group and CATL Sign Strategic 'Million-Vehicle' Battery-Swap Agreement in Beijing

Agreement signed in Beijing

BAIC Group and CATL signed a strategic cooperation agreement in Beijing on October 22 focused on reaching 1 million battery-swap vehicles. The agreement covers cooperation on vehicle development, battery-swap battery supply, swap networks, battery banks and business-model innovation, with the aim of advancing industry standardization and scale.

Zhang Guofu, a member of the BAIC Group Party Standing Committee and vice general manager, and Yang Jun, co-president of CATL's market system, signed the agreement. BAIC Group Party Secretary and Chairman Zhang Jianyong and CATL Chairman and CEO Robin Zeng attended and witnessed the signing.

BAIC brands to join Chocolate battery-swap ecosystem

BAIC Group will bring adapted models from multiple brands under the company into CATL's Chocolate battery-swap ecosystem, with the two sides targeting 1 million battery-swap vehicles. The companies said the goal is to make battery swapping a mainstream mobility option for more users.

Dealer network to support swap-station buildout

BAIC Group will open up its dealer network resources, and CATL's Chocolate battery swapping will rely on dealer stores to accelerate station construction. The two companies will jointly explore a co-operation model to improve users' energy-replenishment experience.

Joint push on swap networks and standards

The companies plan to deepen joint work on swap-network construction, industrial-ecosystem development and standards coordination, aiming to build efficient, reusable public energy-replenishment infrastructure. Their charging and swapping infrastructure target is a 10-minute energy-replenishment radius.

Related reporting

Han's Laser Forecasts 145%-157% Profit Growth as Lithium Equipment Orders Top 3 Billion Yuan

Han's Laser's preliminary results for the first three quarters of 2026 forecast net profit attributable to shareholders of 2.12-2.22 billion yuan, up 145.55%-157.13% year on year. Han's New Energy holds more than 3 billion yuan in lithium battery equipment orders, enough to cover the next one to two years.

Huaihe Energy and CATL Sign Strategic Agreement to Build Zero-Carbon Infrastructure in the Yangtze River Delta

Huaihe Energy and CATL signed a strategic cooperation agreement to jointly develop new energy storage, renewable energy projects, scenario electrification and new power system construction, aiming to strengthen power supply security in the Yangtze River Delta region.

CATL and Shaanxi Transportation Holding Sign Strategic Cooperation Agreement

CATL and Shaanxi Transportation Holding Group recently signed a strategic cooperation agreement covering commercial vehicle electrification, charging and battery-swap infrastructure, new energy storage, the low-altitude economy and aftermarket services for new energy vehicles.