Sept 22 (Reuters) - China's top oil and gas producer
PetroChina has joined leading auto group SAIC Motor
Corp. and battery firm CATL in setting
up a joint venture to supply swappable batteries for electric
vehicles, parent company CNPC said on Thursday.
CNPC did not provide the details of stakeholding but
official business registration portal www.qcc.com shows that the
new venture, Shanghai Jieneng Smart Power New Energy Technology
Co Ltd, is 37.5% owned by SAIC Motor while PetroChina and CATL
each hold 12.5% in the venture. Second-largest oil and gas major
Sinopec owns 25%.
With its business focusing on leasing power batteries, the
Shanghai-based firm will also research swappable battery
technology as well as provide big data services, CNPC said.
China's state energy giants are expanding their investment
in low-carbon businesses including renewables, hydrogen and
electric mobility as part of the country's goal to be carbon
neutral by 2060.
CNPC aims to build over 1,000 charging stations by 2025 in
China, having built 203 so far, the company said.
China's Ministry of Industry and Information (MIIT), a major
supporter of battery swapping, aims to have more than 100,000
battery-swappable vehicles and more than 1,000 swap stations by
(Reporting by Beijing newsroom; Editing by Mark Porter)