Sinopec and CATL signed an industry and capital cooperation framework agreement in Beijing. The partnership will rapidly expand the battery swap network in China, strengthening green infrastructure across the country.

The companies plan to leverage their strengths to build and standardize battery swap ecosystems. In 2025, they aim to construct at least 500 battery swap stations. Their long-term goal includes 10,000 stations, creating access for EV owners.

Leaders Emphasize China Battery Swap Network Expansion

“This collaboration marks another milestone in Sinopec’s commitment to energy revolution and green development,” said Ma Yongsheng, Chairman of Sinopec. “By combining our energy supply capabilities, nationwide network, and customer service expertise with CATL’s cutting-edge technology, we aim to build a comprehensive energy infrastructure that powers a better life.”

“A robust energy replenishment network is critical to the widespread adoption of EVs,” said Dr. Robin Zeng, Chairman and CEO of CATL. “Through this partnership, we will elevate the battery swap model to new heights, injecting fresh momentum into sustainable development.”

Sinopec and CATL Build Smart Energy Microgrids

Sinopec operates 30,000 integrated energy stations, 28,000 Easy Joy convenience stores, and over 10,000 ultra-fast charging stations. These assets serve 200 million daily customers. CATL, a top EV battery manufacturer, partners with Changan, GAC Aion, BAIC, SAIC, Hongqi, NIO, and major truck OEMs such as Sinotruk and Foton.

Together, Sinopec and CATL will expand the battery swap network in China by integrating solar power, energy storage, charging, swapping, and inspection into smart energy microgrids. The companies will also explore joint efforts in battery materials, zero-carbon solutions, and ecosystem development.

They will pursue capital and equity collaborations to accelerate innovation and ensure long-term success.