Will China drive global alignment in EV battery swap standards?
China, which is the first market globally where the battery swap model is witnessing growing customer acceptance, is emerging to be a hotbed not only for the local companies but also for global corporations that aim to venture into the emerging battery-as-a-service (BaaS) segment
China, the largest electric car market in the world, is expected to drive global benchmarks in electric vehicle battery swapping practices, as well as the emerging battery-as-a-service, or BaaS, industry. Neither the EV battery swap model is new nor it was invented in China. However, it is the only market where several companies have implemented the model successfully and have concrete plans to further scale it up as a direct result of the supportive government policies.