On January 26, 2024, CATL and DiDi announced the formal establishment of a swapping joint venture in Ningde City, Fujian Province. Leveraging the technical expertise and operational capabilities of both parties, the swapping joint venture will provide efficient swapping services for numerous new energy vehicles, starting with the ride-hailing scenario. This collaboration represents a significant strategic layout for both parties in the field of public energy replenishment, to lead industry services and technical standards, enhancing resource utilization, and improving social operational efficiency. In addition to establishing the swapping joint venture, CATL has also formed a strategic cooperation intention with DiDi's subsidiary Xiaoju Energy, aiming to promote cooperation in a wider range of new energy fields such as integrated energy storage and charging.

CATL is a leading global innovator in new energy technology, committed to providing advanced solutions and services for global new energy applications. DiDi has long been committed to increasing vehicle sharing rates and promoting the electrification transformation of transportation, with its subsidiary Xiaoju Energy focusing on exploring carbon-neutral solutions in the field of transportation. The public transportation market features a large user base, a high frequency of energy replenishment, and strong requirements for timeliness, making it one of the most valuable application scenarios for swapping services. With the establishment of this swapping joint venture, CATL and DiDi will closely collaborate to rapidly deploy swapping stations, promote swapping vehicle models, improve operational efficiency in the public energy replenishment market, and drive the green transformation of transportation.

As the legal advisor to CATL, Llinks provided professional legal services for the swapping joint venture project between CATL and DiDi, leveraging its extensive project experience in investment and new energy innovation industries.

Llinks Team:

Partner: Leo Wang, Lawrence An

Contractual partner: Amanda Song, Liang Tao

Associate: Allen Zhang, Annie Yang