The global swappable electric vehicle battery market is anticipated to grow at an exponential CAGR of 35.8% during the forecast period (2023-2030). The global swappable electric vehicle battery market is anticipated to grow at a significant rate owing to several factors which includes, potential for battery recycling, reduced charging infrastructure costs, and improved battery standardization. Recent developments in the global market includes-
Browse the full report description of “Swappable Electric Vehicle Battery Market Size, Share & Trends Analysis Report by Battery Type (Lead Acid, Lithium-ion and Others), by Station Type (Automated and Manual), and by Vehicle Type (two-wheeler, three-wheeler and four-wheeler), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/swappable-electric-vehicle-battery-market
• In January 2023, Gogoro Inc., Belrise Industries, an India-based automotive systems manufacturer, and, the Indian state of Maharashtra announced a strategic collaboration to create a unique battery-swapping infrastructure for sustainable mobility solutions in urban areas. Both companies intend to establish a 50-50 joint venture and invest around $2.5 billion over eight years, in collaboration with the Maharashtra government, to build energy infrastructure throughout the state.
• In March 2022, Gogoro Inc. collaborated with ProLogium Technology, to develop a solid-state lithium ceramic battery for two-wheeler battery swapping. The newly developed solid-state battery technology would be seamlessly integrated with the existing Gogoro swapping network and vehicles. The battery has a target capacity of 2 kWh.
• In August 2022, NIO Power started testing 3rd generation battery swapping stations that can send power back to the grid. When one EV driver replaces his/her battery at the charging station, the other ten or eleven batteries can then be discharged back to the grid for five to ten minutes, barely interfering with the regular battery replacement services.
• In August 2022, EVeez partnered with SUN Mobility to deploy over 10,000 EV vehicles across India in the coming years. The firms hope to further accelerate the adoption of electric vehicles in order to address the growing environmental issues.
• In October 2021, NIO Power opened its first battery-swapping station in Norway. The Power Swap Station 2.0 features a better battery-swapping experience and can perform 312 swaps every day. Additionally, users can start the self-service switch with a single tap on the central display without getting out of the car, and the vehicle can autonomously drive into the station.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Battery Type
o By Vehicle Type
o By Station Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Contemporary Amperex Technology Co., Ltd, NIO Inc., Gogoro Inc., Silence Urban Ecomobility, and Mobility Pvt Ltd. among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Swappable Electric Vehicle Battery Market Report Segment
By Battery Type
By Vehicle Type
By Station Type
Global Swappable Electric Vehicle Battery Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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