Electric Vehicle Battery Swapping : It’s time to step on the accelerator (E-Download PDF)
Electric vehicle battery swapping is a process in which a discharged battery or battery pack in an electric vehicle may be switched out for a fully charged one, minimizing the time spent waiting for the battery to charge. As opposed to charging stations, battery swapping stations provide a faster way to fix range anxiety, with each battery swap taking less than 10 minutes and requiring far less room to mount. Furthermore, battery-as-a-service (BaaS) is gaining popularity in the battery swapping industry due to its effect on lowering the high upfront price of electric vehicles by separating battery ownership. Furthermore, since the consumer just pays for the energy, battery swapping reduces vehicle downtime and acquisition costs.
The market is expected to grow due to an increase in demand for electric vehicles, as well as a shortage of sufficient public charging facilities and shorter charging times. Furthermore, the rapid development of shared e-mobility and industry players' launch of creative and advanced battery swapping models and services are expected to provide lucrative opportunities for the electric vehicle battery swapping market. However, market growth is hampered by differences in battery technology and design, as well as the high initial set-up and operational costs of battery swapping stations.
In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Amara Raja
- Amplify Mobility
- ChargeMYGaadi
- EChargeUp solutions pvt Ltd
- Esmito Solutions Pvt Ltd
- Gogoro, Inc
- Lithion Power Pvt Ltd
- NIO Inc
- Numocity
- Oyika Pte Ltd
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