Battery swapping faces uphill climb in Singapore’s EV market
Add BT as a preferred source
SINGAPORE is years away from its goal of fully electrifying all vehicles by 2040, but it has hit a speed bump around the use of swappable batteries.
In April, Singapore-based Mo Batteries bowed out of the electric vehicle (EV) race in the city-state, just a year into a trial of its battery-swapping solution. The company cited high costs and the complexity of commercialising its solution in the city-state for the move.
With this exit, only one operator remains in the pilot: Taiwan-headquartered Gogoro.
TRENDING NOW
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
