CATL $3750 (+1,41 %) achieved a groundbreaking milestone in May with its chocolate battery swap network.
The Shanghai Pudong Jinliang Road Station was completed in May as the 100th swap station, realizing the construction of 100 stations in a single month.
In less than 180 days since the company's launch, Chocolate Battery Swap has successfully developed 24 cities in China, leading the industry.
Together with Sinopec, CATL aims to build no less than 500 swap stations by the end of 2025, as well as with the long-term goal of expanding to 10,000 stations, making the concept of "battery swap like refueling" a reality.