The world's largest maker of batteries for electric vehicles said Wednesday it will get into battery swapping in China in a big way starting next year. The idea behind battery swapping is to refuel quickly,

As of right now, Nio and Onvo have a range of crossovers and sedans meant to attract buyers of both mainstream and luxury EV buyers. And its signature battery-swapping technology seems like a surefire way to ease the range and charging anxiety that keeps many people from going electric.

Ten new EV models using the battery swap technology will be developed by CATL and its partners such as Changan Auto and FAW Group, chairman says.

CATL said on Wednesday it had co-developed 10 new electric vehicle models with automakers that use swappable batteries, as the Chinese battery giant seeks to lead a trend it says will replace a third of gasoline stations in China.

With a commanding lead over the global EV battery market, CATL now has a new target as it looks to phase out gas-powered vehicles. CATL announced plans to roll out 1,000 EV battery swap stations across China next year as electric models continue to gain market share.