"Implementation Plan for the Pilot Application of New Energy Vehicle Battery Swapping Mode in Hainan Province"

In November 2021, Hainan Province released the "Implementation Plan for the Pilot Application of New Energy Vehicle Battery Swapping Mode in Hainan Province", which aimed to establish a well-planned and forward-looking new energy vehicle battery swapping network. The plan prioritized the pilot application of battery swapping mode in the public service and social operation sectors, gradually extending its influence to the private sector. It encouraged the exploration of innovative business and financial models such as "vehicle-to-grid separation," aimed at reducing the cost of purchasing new energy vehicles. The plan also emphasized the development of relevant standards for the battery swapping industry and the formation of a complementary and sustainable ecosystem for the charging and swapping modes of new energy vehicles in Hainan.