Battery swapping is becoming a popular alternative to conventional charging in several markets. As the name suggests, this process involves exchanging a depleted EV battery with a fully charged one, eliminating the long wait times associated with traditional electric vehicle charging. As an alternative to plug-in charging, battery swapping offers a user experience that can be just as fast as refueling a gasoline-powered car.
As many battery makers like SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) seek to create business relationships with…
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