CATL Expands Focus Beyond Batteries to Energy Storage and Swapping

• CATL is shifting its business focus to include battery swapping and energy storage.
• The company aims to find new growth drivers amidst price wars and profitability challenges.
• Established players like Nio already have a strong presence in battery swapping.
• CATL is moving beyond just selling batteries to building an infrastructure business.
• The new path for CATL is complex and faces competition from existing players.