Swappable Electric Vehicle Battery Market Is Expected To Exhibit Significant Growth Over 2030

Swappable electric vehicle battery market is anticipated to grow at an exponential CAGR of 24.2% during the forecast period (2023-2030). Swappable electric vehicle battery refers to battery that can be quickly and easily removed from an electric vehicle (EV) and replaced with a fully charged one. This contrasts with conventional EV batteries, which are typically fixed in place and require hours to be charged. Swappable batteries also have the potential to reduce the cost of EV charging infrastructure. Setting up and maintaining a network of conventional EV charging stations can be expensive, but swappable battery stations require less upfront investment and can serve a larger number of vehicles. This makes swappable battery technology a more cost-effective solution for expanding EV charging infrastructure, particularly in densely populated urban areas.

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In October 2022, Contemporary Amperex Technology Co., Limited, SAIC, a car manufacturer in China, and two oil companies, China National Petroleum (CNPC) and Sinopec, collaborated to establish a joint venture to promote electric vehicles with replaceable batteries. SAIC intends to produce vehicles that can support battery-swapping for multiple brands. The joint venture, named Shanghai JienengZhidian New Energy Technology, planned to build roughly 40 battery-swapping stations in major cities such as Beijing, Shanghai, Shenzhen, and Guangzhou in 2022. The objective is to operate approximately 300 of these stations by the end of 2023 and around 3,000 by 2025. Such developments are anticipated to promote the growth of the global market.

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  • Market Coverage

  • Market number available for – 2025-2031

  • Base year- 2025

  • Forecast period- 2025-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

  • , and others


Market Segmentation

Global Swappable Electric Vehicle Battery Market by Battery Type

  • Lead Acid

  • Lithium-Ion

  • Other (Nickel-Metal Hydride, Sodium Ion)


Global Swappable Electric Vehicle Battery Market by Station type

  • Automated

  • Manual


Global Swappable Electric Vehicle Battery Market by Vehicle type

  • Two-wheeler

  • Three-wheeler

  • Four-wheeler


Regional Analysis

  • North America

  • United States

  • copyright

  • Europe

  • UK

  • Germany

  • Italy

  • Spain

  • France

  • Rest of Europe

  • Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Rest of Asia-Pacific

  • Rest of the World


Company Profiles 

  • Aulton New Energy Automotive Technology Co., Ltd.

  • BattSwap Inc.

  • Bounce infinity

  • Contemporary Amperex Technology Co., Ltd.

  • Esmito Solutions Pvt Ltd.

  • Honda Motor Co., Ltd.

  • IMMOTOR

  • KWANG YANG MOTOR CO., LTD.

  • NUMOCITY

  • Okinawa Autotech International Pvt. Ltd.

  • ONiON Mobility

  • Silence Urban Ecomobility

  • SUN MOBILITY

  • Swap Energi Indonesia


The Report Covers

  • Market value data analysis of 2022 and forecast to 2030.

  • Annualized market revenues ($ million) for each market segment.

  • Country-wise analysis of major geographical regions.

  • Key companies operating in the global swappable electric vehicle battery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

  • Analysis of market-entry and market expansion strategies.

  • Competitive strategies by identifying ‘who-stands-where’ in the market.


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