China Development Bank Financial Leasing (CDB Leasing) and CATL EV Service Technology Co., Ltd., a wholly-owned subsidiary of CATL, recently announced the signing of a strategic cooperation agreement. This partnership will drive comprehensive collaboration across vehicles, batteries, and battery charging and swapping equipment. Leveraging their respective strengths, the two parties will collaborate to actively support national initiatives, deepen industry-finance integration, promote green and inclusive finance, upgrade the entire battery supply chain, and accelerate innovation-driven development in the new energy vehicle sector.
CDB Leasing and CATL EV Service Technology Co., Ltd. will collaborate to build the Choco-Swap ecosystem, a pioneering, cross-brand, cross-model, and standardized battery swapping platform.
Through this partnership, the two parties will connect their strategic partner networks to create an integrated ecosystem spanning manufacturing, assets, operations, and finance. By pooling market resources, they will explore and develop diverse cooperation models, fostering transformation and innovation among their upstream and downstream partners. This partnership will contribute to industry-finance integration and drive the stable growth of the industry. Initially focusing on key cities, the collaboration will gradually expand nationwide, providing strong support for new energy development across the industry.
According to representatives from both companies, this partnership will introduce an innovative financial leasing model to provide diversified financial solutions for new energy vehicles and battery charging and swapping equipment. This will reduce the entry barrier for users and boost asset utilization efficiency. This collaboration represents a crucial step for both parties in actively supporting China’s new energy development strategy and implementing the relevant directives of the Central Financial Work Conference. Furthermore, it marks a significant milestone in the strategic cooperation between the two companies in new energy vehicles and battery charging and swapping equipment. CATL EV Service Technology Co., Ltd. will leverage its strengths in the research, development, and industrialization of new energy technology, with a focus on standardized battery swapping systems, battery asset management, and operational innovation. Meanwhile, CDB Leasing will continue its focus on green and inclusive finance, leveraging its strengths in product innovation and financial leasing to serve the real economy. Together, the two parties will work to increase the adoption of the standardized Choco-Swap model among both businesses and individual users, thereby accelerating the uptake of electric mobility and zero-carbon lifestyles.
