Geely said in 2017 that it will begin researching battery swapping technology for electric vehicles, and it has now demonstrated one of the stations for swapping at the Wuzhen Internet Conference in 2021, where it also announced intentions to have 5,000 of them functional in China by the year 2025.
Its first battery switching station opened exactly a year ago, in 2020 September, and since then, eleven more have been established across the country. E-Energee stations are presently geared at vehicles that really are portion of mobility fleets (ride-sharing-like services), but private proprietors will be able to utilize them as well.
It would sound right for anyone to utilize them, given that taking out a drained pack and replacing it with a fully charged one takes exactly 59 seconds, as per Geely. That’s comparable to, if not faster than, filling up a traditional ICE vehicle, and far faster than waiting for an Electric Vehicle to charge (even one having rapid charging capacity).
Geely Technology Group, Geely business in charge of this project, currently has more than 1,000 employees working on it, with the objective of getting thousands of them up and running in a few years.
The Chinese automaker Geely isn’t the only one interested in battery swapping. Rivals such as NIO (whose official goal is to get 4,000 stations up and operational by 2025) and BAIC are already working on large-scale projects that essentially do the same thing: replace a drained battery with the charged one in less than a minute.
China as a nation is also pushing this, adopting standards and safety requirements for EVs with swappable batteries and the stations where they will be swapped. These new guidelines will take effect on November 1, putting China at odds with the majority of other countries, who have largely abandoned the idea of battery changing in favour of charging them extremely quickly.
Geely, also referred as Zhejiang Geely Holding Group Company, Ltd (ZGH), is a multinational automotive business headquartered in Hangzhou, Zhejiang. Li Shufu, a Chinese billionaire business entrepreneur, owns the corporation privately. It was founded in 1986 and introduced its Geely Auto brand to the automobile industry in 1997. It sells passenger cars under the Geely Auto, Proton, Volvo and Lotus, Lynk & Co, brands, as well as the commercial cars under the Yuan Cheng Auto (Farizon Auto) and London EV Company brands. In 2018, the company sold more than 1.5 million vehicles.