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With the booming development of the new energy vehicle market, battery swapping cabinets, a crucial solution to electric vehicle range anxiety, have gradually caught investors' attention.

In recent years, multiple cities across the globe have piloted battery swapping cabinet projects to address the inconvenience of charging electric vehicles. Visionary investors have recognized the huge potential of this market and have poured significant funds into the construction of battery swapping cabinets. According to industry reports, the market size for battery swapping cabinets is rapidly expanding and is expected to continue growing rapidly in the coming years.

Meanwhile, the penetration rate of battery swapping in the global delivery market has also shown a positive growth trend. Data indicates that the penetration rate has reached approximately 20%, a figure that has been steadily climbing over the past few years.

ake the express delivery industry as an example:

Each deliveryman needs at least two batteries (including the original battery on the vehicle) daily to ensure the normal operation of their electric vehicle. Assuming that a battery swapping cabinet can provide battery replacement services for 60 deliverymen per day, based on the total number of 3 million delivery workers, the theoretical number of battery swapping cabinets needed would reach 50,000.

In the field of food delivery:

Delivery riders need to replace their batteries even more frequently. Assuming that a battery swapping cabinet can serve 30 delivery riders daily, based on the total number of 3.1 million delivery riders using electric vehicles, the theoretical number of battery swapping cabinets needed would reach approximately 100,000.

However, the profitability of battery swapping cabinet projects does not solely depend on market demand and the number of cabinets. Operating costs are also a crucial factor.

To analyze the operating costs of a battery swapping cabinet, we can consider battery loss and electricity fees.

Firstly, battery loss is an inevitable cost in operating battery swapping cabinets. Most lithium batteries have a designed lifespan of around 1,000 charges. Assuming delivery riders replace their batteries twice a day, the lifespan of a shared battery is approximately one year. If a battery swapping cabinet is equipped with 12 batteries, and each battery costs 800 yuan (considering factors like online prices and battery deposits charged by operators), the annual battery cost for a cabinet would be 9,600 yuan.

Secondly, electricity fees are also a significant cost in operating battery swapping cabinets. Observing a "Knight Battery Swap" station in Shenzhen, we found that a cabinet can serve 20 delivery riders during peak hours. Assuming an average of 30 riders are served throughout the day, and each rider replaces their battery twice, the total number of batteries needed daily would be 60. Considering the time and electricity required to fully charge each battery, we can calculate the daily electricity cost for the cabinet.

Despite these costs, battery swapping cabinet projects still have profit potential. According to industry data, the annual revenue of operating a battery swapping cabinet

can reach 14,400 yuan. This means that after deducting costs like battery loss and electricity fees, the project can still achieve considerable profits.

However, investors need to conduct thorough market research and risk assessments before deciding to invest in battery swapping cabinet projects. Understanding the local ownership of electric vehicles, the demand for battery swapping, and the competition landscape are crucial for formulating investment strategies. Additionally, factors like location selection, controlling operating costs, and optimizing operational processes are key to the success of the project.

With the expansion of the two-wheeler market and the advancement of technology, the battery swapping cabinet, a crucial link in the two-wheeler industry chain, is poised to embrace unprecedented growth opportunities. This prediction has sparked heated discussions in the industry, with the battery swapping cabinet sector seemingly perched on the “new wave of electric travel” and ready to take flight.

However, amidst this seemingly fertile landscape of opportunities, we must ask:   Can the battery swapping cabinet industry easily seize these opportunities and achieve leapfrog growth?

Recently, the issue of over-standard batteries in battery swapping cabinets on Nanjing streets has garnered widespread attention. According to statistics, Nanjing has over 3,400 battery swapping cabinets from approximately 21 brands. Alarmingly, only six companies possess fire extinguishing facilities, and none provide 48v national standard batteries. These cabinets not only violate national regulations on electric bicycle safety technical specifications, but also pose significant safety hazards to citizens.

Firstly, it’s crucial to understand the current status and development trends of the battery swapping cabinet industry. As a vital part of the new energy industry chain, the market for battery swapping cabinets has been booming in recent years. Its market size has exceeded 200 billion, demonstrating immense potential and vast development space. This blue ocean market has attracted numerous companies.

However, growing market demand doesn’t guarantee success for all players. In the battery swapping cabinet industry, factors like product quality, technological level, and service quality directly impact a company’s competitiveness.

The incomplete fire extinguishing facilities in battery swapping cabinets reflect the technical shortcomings and lax quality supervision of some companies. Amid fierce competition, some manufacturers prioritize economic benefits, compromising product quality to cut costs and maximize profits. This shortsighted behavior not only harms operators but also poses constant safety hazards. Frequent fires in battery swapping cabinets are a direct consequence of weak technical capabilities and lax quality control. This not only disregards consumer safety but also poses a serious threat to public safety.

For operators, choosing a safe and reliable battery swapping cabinet brand is crucial.

HEXUP aware of the importance of safety, focuses on water fire protection technology in its research and development. Its new water fire protection battery swapping cabinets integrate advanced designs like intelligent battery recognition, waterproofing, and intelligent anti-theft battery locks. Incorporating water circulation fire safety technology, they effectively contain fires and ensure surrounding safety. This technological innovation not only enhances competitiveness but also sets a safety benchmark for the industry.

1、 Introduction to the requirements for intelligent battery swapping cabinets:

In terms of appearance, the shape of the smart battery swapping cabinet is similar to the combination of "shared power bank" and "smart express cabinet". The usage method is similar to that of a shared power bank. Users pay a deposit by scanning the QR code, take out the battery for use, and return the old battery after use, while obtaining a new battery. The overall design adopts a form similar to a courier cabinet, with each battery stored in an independent cabinet door. The borrowing and returning of the battery is completed by controlling the opening and closing of the cabinet door.

Usually, intelligent battery swapping cabinets are deployed at battery repair points or existing charging stations, which are areas with a high concentration of battery trucks, making it convenient for riders and other users to borrow and return batteries at that location. To avoid the situation where users arrive at the battery swapping cabinet but find no available batteries, the battery reservation function is also supported. Users can book batteries online in advance and complete the borrowing and returning operations before arriving at the cabinet, improving the overall user experience.

Overall, intelligent battery swapping cabinets provide an efficient and flexible battery replacement solution for electric vehicle users with their innovative design and convenient services.

2、 Usage of shared battery swapping cabinet:

Similar to other shared projects, each cabinet door of the shared battery swapping cabinet is equipped with a LCD display screen. A QR code is displayed on the screen as an entry point for users to perform operations. Users can directly scan this QR code through WeChat mini programs or mobile applications to enter the battery rental process.

This design allows users to easily access the shared battery swapping cabinet service through simple scanning operations, improving the convenience of the user experience and the ease of operation.

3、 Battery replacement process

A. By scanning the QR code, you can easily access WeChat mini programs or mobile applications.

B. Select the battery swapping option in the application to enter the battery swapping process.

C. Once entering the battery swapping process, the system will automatically open an empty cabinet, and users can put the discharged battery into it.

D. The cabinet will automatically reassign a charged battery and pop it up for users to access.

E. After removing the new battery, the user can continue to use the electric scooter.

4、 Composition of shared power exchange cabinet

The system architecture and composition of the shared power exchange cabinet on the sixth floor of the west are very similar to other shared equipment, and the overall composition is as follows:

A. Shared battery cabinet terminal: This is the physical hardware part of the entire system, responsible for storing battery equipment. The appearance is similar to a delivery cabinet, with different compartments inside, each compartment storing a battery. Usually, a display screen is installed on the battery cabinet to display the operation QR code of the cabinet. By controlling the opening of the cabinet door, the rental and return of the battery can be completed. Each cabinet is equipped with a charging device that can automatically charge the battery.

B. Battery: Durable lithium batteries are used and stored in each cabinet door. Users can open the cabinet door and remove the battery when renting.