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Electric cars in China

CATL aims for 'battery as a service' hegemony in China

Top maker of car batteries is building stations for fast swapping

This battery swapping station for taxis in Amoy, in the southern Chinese province of Fujian, is part of a small but growing market that China's CATL hopes to set the standards for. (Photo by Takashi Kawakami)

GUANGZHOU -- Contemporary Amperex Technology (CATL), China's world-leading manufacturer of automobile batteries, is stepping up preparations to launch battery rental services for electric vehicles.

"Battery as a service," or BaaS as the model is known, will allow drivers to rent and swap out batteries under a subscription pricing model. A depleted battery can be swapped for get a fresh one in as little as a minute, CATL said.

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