DUBLIN--(BUSINESS WIRE)--The "Chinese Battery Swap Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
Battery swap services are emerging solutions in China and the world. They provide quick battery replacement in 3-10 minutes. In addition, in comparison to traditional charging solutions, they offer significant time savings. Charging solutions in the Chinese electric vehicle (EV) market are being revolutionized. The government encourages the use of battery swap services as they provide rapid battery replacement and increased time savings; therefore, fleets such as public taxis are gradually adopting these solutions.
Furthermore, the launch of the Battery-as-a-Service (BaaS) monthly subscription and the reduction in the cost of EVs (battery separation) have increased the sales attractiveness of battery swap EVs among individual EV buyers. However, the Chinese battery swap market presents an oligopoly scenario. In 2020, only 3 operators participated in the market; nevertheless, this was an increase from 2 in 2019.
In 2020, China developed and operated 555 battery swap stations, and the annual frequency of battery swaps reached 27.3 million. Moreover, 3% of operating EVs in the country adopted battery swap solutions in 2020. Passenger vehicles accounted for the largest share (60%) of battery swap EVs. However, the monthly frequency of passenger vehicles' battery swaps was about 4-6 times. In comparison, public taxis and commercial vehicles contributed to a higher frequency of battery swaps.
In the future, a growing number of government regulations will be introduced in the Chinese battery swap market. In addition, an increasing number of EV models for battery swaps will be launched, and a growing number of potential stakeholders will enter the market, leading to increased market fragmentation. Nevertheless, traditional charging and battery swap solutions will coexist on compatible EVs, and the market will continue to grow in 2025.
This study assesses the battery swap market in China, including the passenger vehicle and the commercial vehicle segments. It provides a market overview of 2020 in terms of overall public charging and battery swap service solutions. The research service includes snapshots of EV sales and ownership and summarizes information such as total battery swap stations, total battery swap EVs, and total battery swap services. It also comprises current and future market trends, key government regulations, comparative cost analysis between traditional charging solutions and battery swap services, and important battery swap service operator profiles
Key Topics Covered:
Growth Environment, Global COVID-19 Impact
- The Impact of the COVID-19 Pandemic on Global GDP Growth
- Global Growth Scenario Analysis - Assumptions
- Global GDP Growth under Differing Scenarios
- Impact of the COVID-19 Pandemic on Key Regions
Growth Opportunity Analysis
- Chinese Battery Swap Market Overview
- EV Charging and Battery Swap Market Segmentation
- Key Growth Metrics
- Key Highlights - China's EV and Charging Infrastructure in Operation
- Growth Drivers
- Growth Restraints
- Key Findings
- Current Market Trends
- Key Government Regulations
- Chinese EV Market Snapshot, 2020
- Chinese EV Charging Infrastructure Snapshot, 2020
- Chinese Battery Swap Service Market Snapshot, 2020
- Chinese Battery Swap Station Breakdown by Location, 2020
- Chinese Battery Swap Station Breakdown by Operator, 2020
- Chinese Battery Swap Station Market Share Analysis
- Battery Swap Station Forecast
- Forecast Discussion
- Future Market Trends
- SWOT Analysis
- Chinese Battery Swap Station System Layout
- Chinese Battery Swap Value Chain Analysis
- Chinese Battery Swap Station Investment Cost
- Case Study - Comparative Cost Analysis of China's Public Charging and Battery Swap Stations
- Case Study - Key Battery Swap EV Models in China
- Case Study - Comparative Cost Analysis of Battery Swap EVs and Fuel Vehicles
- Battery Swap Service Operator - Aulton
- Battery Swap Service Operator - Nio
- Battery Swap Service Operator - Botan
- Case Study - Better Place
- Case Study - Comparative Analysis of Battery Swap Service Business Models in China
Growth Opportunities
- Growth Opportunity 1 - Construction of Battery Swap Stations for EVs
- Growth Opportunity 2 - Battery Asset Management and Station Operation for Battery Swap Services
- Growth Opportunity 3 - New Business Model Battery-as-a-Service Subscription for Battery Swap Services
Companies Mentioned
- Aulton
- Nio
- Botan
- Better Place
For more information about this report visit https://www.researchandmarkets.com/r/zcocr0
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