China Moving Fast Into EV Battery Swapping With Aulton And YiYi
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Chinese battery swapping market is projected to reach USD1.426 billion in 2027
A report on China Battery Swap Station Report Industry Market Report 2023-2027 predicts that the number of battery swap station will reach 11,570 in 2027, a 70% increase compared to 6,730 in 2025. NIO is expected to have around 5,500 stations in 2027, representing a 47.54% market share.
CATL will rank second, with an estimated 3,000 stations and a 25.93% market share. Report show that the number of battery swaps for passenger vehicles in China reached 87 million in 2025 and is projected to reach 159 million by 2027. NIO is expected to have performed 70 million battery swaps, accounting for 44.03% of the market.
The Chinese battery swapping market is projected to reach USD1.426 billion in 2027, an 85% increase from USD769 million in 2025. NIO Energy’s revenue is expected to reach USD770 million, nearly doubling from USD385 million in 2025. Aulton ranks second with projected revenue of USD208 million, and YiYi ranks third with USD168 million.
Aulton and YiYi’s main customers are ride-hailing and taxi companies, while NIO Energy’s main customers are NIO car owners. With CATL’s entry into the Chinese battery swapping station market, the industry landscape will undergo significant changes. The cost of battery swapping stations includes not only equipment investment, but also battery investment, electricity costs, rental costs, and labor costs, all requiring long-term investment.
Major battery swapping station companies’ future plans:
1) CATL, in cooperation with Sinopec, plans to build over 5,000 new battery swapping stations within the next five years.
2) NIO has already built over 60 battery swapping stations in Europe and plans to further expand its network in Europe and other international markets.
3) The chairman of GAC Group stated that battery swapping is one of the main ways to replenish energy for new energy vehicles, and it is currently in its early stages. GAC will increase the number of its battery swapping models in the future.
