BEIJING, April 7, 2025 /PRNewswire/ -- China Petroleum & Chemical Corporation ("Sinopec", HKG: 0386), one of China's largest integrated energy and chemical companies, and CATL (Contemporary Amperex Technology Co., Limited), the global leader in new energy innovative technologies, signed an industry and capital cooperation framework agreement in Beijing. The partnership aims to establish a nationwide battery swap network, setting a new benchmark for green infrastructure in China.
Under the agreement, the two industry giants will leverage their respective strengths to accelerate the development of battery swap ecosystems and standardize operations. This year, the collaboration targets the construction of no fewer than 500 battery swap stations, with a long-term goal of 10,000 stations, creating a seamless "swap-as-fast-as-refueling" experience for electric vehicle (EV) owners in China. The initiative aligns with China's national strategy to promote new infrastructure and low-carbon transportation.
Ma Yongsheng, Chairman of Sinopec, emphasized the strategic significance of the partnership: "This collaboration marks another milestone in Sinopec's commitment to energy revolution and green development. By combining our energy supply capabilities, nationwide network, and customer service expertise with CATL's cutting-edge technology, we aim to build a comprehensive energy infrastructure that powers a better life."
Dr. Robin Zeng, Chairman and CEO of CATL, highlighted the transformative potential of the initiative: "A robust energy replenishment network is critical to the widespread adoption of EVs. Through this partnership, we will elevate the battery swap model to new heights, injecting fresh momentum into sustainable development."
Sinopec brings its extensive network of 30,000 integrated energy stations in the country, 28,000 Easy Joy convenience stores, and over 10,000 ultra-fast charging stations, serving 200 million customers daily. CATL, as the world's top EV battery manufacturer, has partnered with leading automakers, including Changan, GAC Aion, BAIC, SAIC, Hongqi, NIO, and major truck producers like Sinotruk and Foton, to roll out a diverse lineup of battery-swappable passenger and commercial vehicles.
The partnership strengthens Sinopec and CATL's ongoing work in energy stations, storage, and advanced materials. The collaboration will build smart energy microgrids, featuring solar power, energy storage, charging, swapping, and battery inspection. Moving forward, the two companies will explore broader synergies in zero-carbon solutions, vehicle ecosystems, and battery materials. Capital and equity partnerships will also be pursued to foster innovation and accelerate the development of new productive forces.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Sinopec and CATL Join Forces to Build 10,000 Battery Swap Stations, Pioneering a New Era of Green Mobility
SHENZHEN, China, April 11, 2025 /PRNewswire/ -- Recently, Yole Group, an international research institute and market research & strategy consulting company, released the LiDAR for Automotive 2025 report (hereinafter referred to as the "Report"). According to the Report, RoboSense has secured three global No.1 positions in the automotive LiDAR market: No.1 in 2024 global passenger car LiDAR market share, annual sales champion for ADAS LiDAR, and cumulative ADAS sales champion from 2018 to 2024. These achievements further demonstrate RoboSense's leading position and strong capabilities in the global LiDAR industry.
The Report also highlights RoboSense's progress in globalization, expansion into the Robotaxi market, and cutting-edge technology development over the past year, indicating a promising future.
Market Leadership
Market Share Leader, Annual and Cumulative Sales Champion
According to the Report, the global passenger car LiDAR market is experiencing rapid growth, with a 68% YOY increase in 2024 and market size reaching USD 692 million. RoboSense ranked first globally with a 26% market share. Thanks to the widespread adoption of high-level ADAS with LiDAR in China, the global market is booming, with Chinese LiDAR brands accounting for 92% of global share — closely linked to Chinese automakers' large-scale deployment and reliance on domestic supply chains.
The Report also notes that approximately 1.6 million LiDAR units were installed in passenger vehicles globally in 2024, more than doubling from the previous year. RoboSense ranked No.1 in global annual sales with 519,800 units sold. Among the rapidly expanding passenger car LiDAR market, the Report identifies RoboSense as the leader among the "Big Four" Chinese LiDAR companies.
RoboSense's impressive market performance is the result of its long-standing commitment to market-driven collaboration and continuous technological innovation. As of the end of March 2025, RoboSense has established close partnerships with over 30 OEMs and Tier 1 suppliers worldwide, including BYD, Zeekr, and IM, with more than 100 vehicle models awarded. From January to March 2025, RoboSense has supported the launch and debut of 15 collaborative models, including Toyota bZ3X, GAC Trumpchi S7, and Geely Galaxy E8. With the rapid adoption of L2+ advanced driving assistance systems, over 10 vehicle models in the ¥150,000–¥200,000 range have launched mass-produced models equipped with RoboSense LiDAR.
Furthermore, Yole Group estimates that between 2018 and 2024, RoboSense led the cumulative global passenger car LiDAR sales with over 800,000 units sold, far ahead of other brands — solidifying its position as a global leader in LiDAR technology and delivery capabilities.
Accelerating Global Expansion
Mass Production Collaboration in EU, U.S., and Japan
The Report indicates that China, the EU, the U.S., Japan, and Korea are all showing active plans to release car models equipped with LiDAR. Chinese OEMs are expected to release 111 car models with LiDAR in 2025 or soon after. EU OEMs are projected to launch 4+ car models with LiDAR, while U.S. OEMs plan to release 2. Additionally, Japanese and Korean OEMs are expected to release 2+ car models with LiDAR in 2024 or soon after.
While maintaining its leading position in China, RoboSense is rapidly expanding globally with its high-performance and highly reliable LiDAR products, becoming a preferred partner for overseas OEMs in their smart transformation. RoboSense has secured 8 overseas and Sino-foreign joint venture brand partnerships, including a top-tier Sino-American joint venture automaker, all three of Japan's top automakers, two Sino-European collaborative brands, a leading emerging automaker in North America, and a North American new energy vehicle brand — covering major automotive markets across Europe, North America, and Asia-Pacific.
L4 LiDAR Market
Rapid Expansion and Securing Multiple Leading Robotaxi Clients
As the global Robotaxi market shifts from pilot programs to large-scale deployment, the number of LiDAR units per vehicle is expected to rise significantly, accelerating growth in the L4 LiDAR segment.
Yole Group forecasts that the global L4 LiDAR market will reach USD 166 million in 2024, a 35% YOY increase. Among the 10 L4 autonomous driving companies listed in the Report, six have adopted RoboSense's LiDAR product, reflecting its exceptional performance and industry recognition.
With its stable, reliable, and automotive-grade LiDAR, RoboSense is poised to become a mainstream supplier for commercial Robotaxi vehicles, unlocking significant growth opportunities.
Cutting-Edge Technology and Full Product Portfolio
Full-Stack Chip Self-Development Drives Digital Transformation
The Report also analyzes technology trends among leading global LiDAR suppliers. According to Yole Group, RoboSense is the only global LiDAR brand offering a complete portfolio that includes mechanical, 1D and 2D hybrid solid-state, and full solid-state LiDAR products — leveraging innovation to stay ahead in diverse application scenarios.
Yole Group also notes that RoboSense, among others, has begun incorporating SPAD-SoC chips in its latest product designs. By combining VCSEL with SPAD-SoC, LiDAR systems can achieve longer detection range and higher resolution, breaking through performance limitations.
As a pioneer of LiDAR technology, RoboSense integrated LiDAR technology architecture in 2024 and mastered full-stack chip self-development, covering transceiving, scanning, and data processing. With a comprehensive product platform featuring "1D mechanical scanning, 2D MEMS scanning, and all-solid-state array scanning," RoboSense has pioneered the mass production of digital LiDAR and established the industry's most complete product portfolio. This allows rapid development and iteration to meet the diverse needs of intelligent driving, robotics, and other applications.
Amid widespread adoption of intelligent driving and rapid growth in the robotics industry, demand for LiDAR sensors and fusion perception solutions is rising rapidly. As the world's first company to ship over one million LiDAR units, RoboSense will continue to strengthen its global leadership in technology and mass production, driving the industry toward a smarter, safer, and more efficient future.
About RoboSense
RoboSense (2498.HK), founded in 2014, is an AI-driven robotic technology company that supplies advanced and reliable incremental components and solutions for the robotic industry. The company is committed to "become a global leader in robotic technology platforms," and its mission is "Safer world, Smarter life." For more information about RoboSense, visit https://www.robosense.ai
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
RoboSense Ranked No. 1 in Global Passenger Car LiDAR Market Share, Annual and Cumulative Sales in 2024 | Yole Annual Report
RoboSense Ranked No. 1 in Global Passenger Car LiDAR Market Share, Annual and Cumulative Sales in 2024 | Yole Annual Report
RoboSense Ranked No. 1 in Global Passenger Car LiDAR Market Share, Annual and Cumulative Sales in 2024 | Yole Annual Report
