Recently, CATL announced that on January 18, an online conference of the EVOGO power exchange brand will be held. At that time, CATL will launch a new power exchange brand - EVOGO. This also indicates that the Ningde era has officially entered the power replacement business.
Earlier, WEILAI announced that it plans to have more than 1,300 substations nationwide in 2022. Geely also announced not long ago that it has joined hands with Lifan to establish a joint venture company to lay out the power exchange business. As the first to start the layout of power exchange, BAIC also announced at the beginning of this year that it will open power exchange services for private electric vehicles. Now that the Ningde era has entered the game, the competition in the replacement business of electric vehicles has once again escalated.
In December last year, NINGDE Times has signed an agreement with the People's Government of Guizhou Province to cooperate in the construction of a power exchange network in Guiyang City. According to the agreement, the two sides will deepen cooperation in the construction of new energy vehicle power exchange network facilities, promote the improvement of new energy vehicle power exchange capacity, and promote the high-quality development of the new energy industry. Therefore, the Ningde era has already been planned to enter the power exchange business.