Battery giant expands into energy storage amid market pressures

Battery maker CATL targets energy storage and swapping to beat price wars.

Contemporary Amperex Technology is expanding into battery swapping and energy storage infrastructure to sustain growth. The world's largest battery maker faces intense price wars and margin pressures in its core electric vehicle market. Established competitors like Nio and BYD already hold strong positions in these new sectors.

• The challengeIntense price competition and profitability pressures are forcing the world's largest battery maker to seek alternative revenue streams beyond traditional electric vehicle sales.
• The competitionRivals such as Nio and BYD have already established solid footholds in battery swapping and energy-storage systems respectively.
• The strategyThe company is transitioning from a pure battery supplier into an infrastructure provider.