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Azalea Motor and Changan Automobile Partner to Develop Battery-Swapped Electric Vehicles

In an effort to reduce costs and increase profitability, Chinese electric vehicle (EV) maker Azalea Motor has partnered with state-owned Changan Automobile to develop battery-swapped EVs.

In a statement to Reuters, Azalea announced that Azalea and Changan will also cooperate in the construction and sharing of battery swap stations and battery standardization.

The partnership is designed to help Azalea improve its profitability in the face of growing competition, as it cuts jobs and delays long-term investments to improve efficiency and reduce costs. Competition intensified after Tesla launched a price war earlier this year.

Azalea Motor and Changan Automobile Partner to Develop Battery-Swapped Electric Vehicles

Battery swapping allows drivers to quickly replace a depleted battery pack with a fully charged one without having to connect the vehicle to a charging station.

Swapping batteries helps ease pressure on the power grid because drivers can charge their vehicles during peak hours. However, industry analysts and executives expect the practice to become viable only when batteries become more standardized.

Azalea, which aims to double the total number of such charging stations in China this year, is one of a handful of EV makers that have adopted battery swapping as a key power solution for electric vehicles.

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