Geely Tech to rollout a smart battery swapping network across Jinan

By Akshay Kedari  | Date: 2020-10-21

Geely Tech to rollout a smart battery swapping network across Jinan

Geely Technology Group, a Chinese automobile manufacturer, and the Municipal Government of Jinan, China, have reportedly signed an all-round strategic cooperation deal to jointly develop a network of smart battery swapping service stations across Jinan, indicating the launch of the company’s intelligent battery swapping stations in the Shandong province.

Xu Zhihao, Geely Technology Group CEO, stated that the battery swapping model is capable of easing the NEV development bottleneck, and would further helps tackle the issue of NEV range anxiety, the immense cost of car ownership, and lesser resale value. The new strategic co-operation will support the NRV industry in Shandong Province with high-quality development. The co-operation will also help Geely Technology Group boost the nationwide distribution and spread of its innovative battery swapping ecosystem.  

 Zhihao further added that the partnership will also prove beneficial for establishing a benchmark for battery technology swapping services and technologies.

The first battery-swapping station of the company in Jinan spans 126 square meters, featuring over 39 charging spots. The station is capable of offering more than 1000 charging services each day, as per company claims.

Yang Quankai, Director of battery swapping business at Geely Technology Group, stated that the company has developed an open battery swapping ecosystem that combines the research and development of battery swapping technologies, the working of battery swapping stations, and the production of vehicles open for swappable batteries, which makes it unique for the sector.

Quankai further added that through the company’s ecosystem, partners can avail the top global technical and car production resources that are provided by Geely Technology Group. Additionally, general customers can reduce their car buying expenses due to the segregation of batteries and vehicles with the automobile’s resale value remaining unchanged due to batteries.  

Currently, the Chinese vehicle manufacturer has signed up for more than 1,000 battery swapping stations across China, including in cities like Zibo, Jinan, Hangzhou, and Chongqing.

 Source credit: http://autonews.gasgoo.com/m/70017647.html

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

McDonald’s to leave Russia after 30 years amidst Ukraine’s invasion

McDonald’s to leave Russia after 30 years amidst Ukraine’s invasion

By Akshay Kedari

After Ukraine’s invasion, multinational fast-food giant McDonald's Corp. is reportedly planning to sell all its restaurants in Russia, pulling operations from the nation after 30 years. The world's biggest fast-food chain closed 847 ...

Berlin’s GetHenry bags USD 17.4 Mn seed funding for business expansion

Berlin’s GetHenry bags USD 17.4 Mn seed funding for business expansion

By Akshay Kedari

GetHenry, a Berlin-based company that offers couriers and logistics organizations electric last-mile delivery bikes, has reportedly raised USD 17.4 million seed round to grow its operations across Europe. The latest investment round was led by LocalG...

Ferrari to equip the upcoming Purosangue with its trademark V12 engine

Ferrari to equip the upcoming Purosangue with its trademark V12 engine

By Akshay Kedari

Italian luxury sports car manufacturer Ferrari S.p.A. will equip its much-awaited Purosangue SUV with a 12-cylinder engine, as it focused more on fuel-efficient models. Confirming the news, Ferrari Chief Executive Benedetto Vigna claimed that the com...

White House to spend USD 3 billion on EV battery manufacturing in U.S.

White House to spend USD 3 billion on EV battery manufacturing in U.S.

By Akshay Kedari

According to reliable sources, the Biden administration is planning to provide USD 3 billion in finance to reinforce EV battery manufacturing capabilities in the United States. The apparent funds will be issued by the Department of Energy from Presid...

Telefonica eyeing Israel’s high-tech sector to improve its portfolio

Telefonica eyeing Israel’s high-tech sector to improve its portfolio

By Akshay Kedari

Telefonica S.A. is planning to increase its investments in Israel’s high-tech sector this year, a senior official reported recently. The company, which is Europe’s third-largest telecommunications company, is also eyeing the country&rsquo...