Battery Swapping Truck Market in China

In October 2021, the Chinese national government initiated a two-year pilot program to promote battery swapping. Eleven cities were selected as the first batch of pilot cities, and three of them were expected to fully focus on swap-capable truck applications. With this strong policy support, China has seen more swap-capable trucks and battery-swapping stations being deployed, with over 50% of the electric heavy-duty truck market now being swap-enabled. This premium article looks into the heavy-duty swap-capable truck market segment and provides information on sales data, models, market shares, and business models.