China’s economy had been steadily recovering in 2021. Its GDP and per capita consumption expenditure reached 1.14 trillion yuan and 24,000 yuan, respectively, increasing by 8.1% and 13.7% year on year, respectively. The consumption power of residents has increased prominently. The carbon peaking and carbon neutrality goals, New Energy Vehicle Industry Development Plan (2021-2035), GB/T 40032-2021 Safety Requirements of Battery Swap for Electric Vehicles and other policies further promote standard unification and rapid development of the new energy vehicle battery swapping market in China.

Battery swapping technologies are maturing. Thanks to its high efficiency and low risks, chassis battery swapping becomes the main model in the market

In 2021, China’s auto sales were about 26.3 million yuan, a year-on-year increase of 3.8%.  The number of registered vehicles exceeded 300 million, ending a three-year decline. The sales of new energy vehicles surged in 2021 and reached 3.52 million, increasing by nearly 160% year on year. The total number reached 7.84 million, increasing by 68% year on year.

China’s new energy battery swapping vehicle market has been growing rapidly. Around 160,000 such vehicles were sold in 2021, with a year-on-year increase of 162% and a market penetration rate of around 4.6%. The number is expected to increase at a CAGR of 86% and reach 1.92 million in 2025, accounting for around 19% of all new energy vehicles. The total number of new energy vehicles that can swap batteries was 250,000 in 2021, increasing by 178% year on year, with a market penetration of 3.2%. It is expected to exceed 4 million in 2025.

Thanks to favorable policies, mature technologies and gradually forming business models, China’s battery swapping market is facing development opportunities. In 2021, there were 1406 battery swapping stations in China, 1.5 times as many as 2020. Battery swapping business models are maturing. The BaaS The model of NIO might become the mainstream.

Supply: Based on battery swapping station construction plans of carmakers and station operators, the number of battery swapping stations in China will exceed 30,000 in 2025.

Demand: It is conservatively predicted that by 2025, there will be nearly 8,000 battery swap stations in China, and the market size will reach nearly 100 billion yuan

Industry Chain of New Energy Vehicle Battery Swapping Market

 

 

Table of Contents of the Full Report

 

Abstract

1 New Energy Vehicle Battery Swapping Market
1.1 Market Background
1.2 Definition of the Battery swapping models
1.3 Classification of Battery swapping models
1.4 Industry Chain of the New Energy Vehicle Battery Swapping Market in China
1.5 Industry Map of the New Energy Vehicle Battery Swapping Market in China

2 Environment of New Energy Vehicle Battery Swapping Market in China
2.1 Analysis of the Economic Environment
2.2 Analysis of the Social Environment
2.3 Analysis of the Policy Environment
2.4 Analysis of the Technology Environment

3 Status Quo and Trends in New Energy Vehicle Battery Swapping Market in China
3.1 Status Quo of the New Energy Vehicle Market in China
3.2 Passenger Vehicle and Commercial Vehicle Segments of the New Energy Vehicle Battery Swapping Market in China
3.3 Battery Electric Vehicle, Fuel-cell Electric Vehicle and Plug-in Electric Vehicle Segments of the New Energy Vehicle Battery Swapping Market
3.4 Status Quo of the Battery Swapping
3.5 Competitive Landscape of the New Energy Vehicle Market in China

3.6 Trends in the New Energy Vehicle Market in China
3.7 Future Trends in the Passenger Vehicle and Commercial Vehicle Segments of the New Energy Vehicle Market in China
3.8 Future Trends of the Vehicle Battery Swapping Market in China

4 Analysis of the New Energy Vehicle Battery Swapping Market in China
4.1 Development History of the New Energy Vehicle Battery Swapping Market in China
4.2 Status Quo of the New Energy Vehicle Battery Swapping Market in China
4.3 Competitive Landscape of the New Energy Vehicle Battery Swapping Market in China
4.4 Regional Distribution of the New Energy Vehicle Battery Swapping Market in China
4.5 Business Models of the New Energy Vehicle Battery Swapping Market in China
4.6 Profit Calculation of the Battery Swapping Stations for New Energy Vehicles in China
4.7 Case Study

5 Trends in the New Energy Vehicle Battery Swapping Market in China
5.1 Development Trends in the Battery Swapping Market in China (Overview
5.2 Development Trends in the Battery Swapping Market in China- Supply
5.3 Development Trends in the Battery Swapping Market in China- Demand
5.4 Challenges and Opportunities Facing the Battery Swapping Market in China
5.5 Strategies for the Battery Swapping Market in China