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Azalea Motors and Changan Automobile Announce Collaboration to Develop Battery-Swapped Electric Vehicles

Azalea Motors and Changan Automobile Announce Collaboration to Develop Battery-Swapped Electric Vehicles

Chinese electric vehicle (EV) manufacturer Azalea Motors announced on Tuesday, November 21, 2023, that it will partner with state-owned automaker Changan Automobile to develop battery-swapped electric vehicles. Azalea Motors’ strategic plan is to reduce costs and increase profitability in China’s increasingly competitive EV market.

The partnership will involve the co-location and sharing of battery swapping stations, as well as the standardization of batteries to achieve compatibility between the two companies’ electric models. With battery swapping, drivers can quickly replace a depleted battery pack with a fully charged one, eliminating the need for long recharging times.

Azalea Motors and Changan Automobile Announce Collaboration to Develop Battery-Swapped Electric Vehicles

The partnership is in line with Azalea’s plans to continue expanding its battery swap infrastructure. The company aims to nearly double the total number of swapping stations in China this year, reaching a goal of 1,300 stations. According to Azalea, battery swapping plays an important role in easing pressure on the grid during peak charging times and improving the overall efficiency of EV use.

While some industry experts and executives remain skeptical of the widespread adoption of battery swapping due to challenges with battery standardization, Azalea remains committed to exploring its potential as a viable alternative to traditional EV charging methods. The company’s partnership with Changan Automobile marks a significant step forward in this area.

In addition to this partnership, Azalea has taken other cost-cutting measures, including layoffs and deferring long-term investments. These measures are designed to improve the Company’s financial performance and enable it to achieve sustainable growth in China’s highly competitive electric vehicle sector.

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