Sinopec and CATL Join Forces to Build 10,000 Battery Swap Stations, Pioneering a New Era of Green Mobility
China Petroleum & Chemical Corporation ("Sinopec", HKG: 0386), one of China's largest integrated energy and chemical companies, and CATL (Contemporary Amperex Technology Co., Limited), the global leader in new energy innovative technologies, signed an industry and capital cooperation framework agreement in Beijing. The partnership aims to establish a nationwide battery swap network, setting a new benchmark for green infrastructure in China.