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A taxi driver visits a rest stop near a first generation battery swap station by China-based CATL battery manufacturing company, in Xiamen, Fujian province, China, Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

A taxi driver visits a rest stop near a first generation battery swap station by China-based CATL battery manufacturing company, in Xiamen, Fujian province, China, Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

Attendees look at the next generation battery swapping station by China-based CATL battery manufacturing company, before a launch presentation in Xiamen in Xiamen, Fujian province, China, Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

Attendees look at the next generation battery swapping station by China-based CATL battery manufacturing company, before a launch presentation in Xiamen in Xiamen, Fujian province, China, Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

Robin Zeng, the CEO of China-based CATL battery manufacturing company, greets a guest after a launch event for the next generation of swap stations, in Xiamen, Fujian province, China, Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

Robin Zeng, the CEO of China-based CATL battery manufacturing company, greets a guest after a launch event for the next generation of swap stations, in Xiamen, Fujian province, China, Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

A driver gets his car battery swapped at a first generation station by China-based CATL battery manufacturing company, in Xiamen, Fujian province, China, Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

A driver gets his car battery swapped at a first generation station by China-based CATL battery manufacturing company, in Xiamen, Fujian province, China, Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

An attendee past by a model of the next generation battery for use with swapping station by China-based CATL battery manufacturing company, before a launch presentation in Xiamen, Fujian province, China, Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

An attendee past by a model of the next generation battery for use with swapping station by China-based CATL battery manufacturing company, before a launch presentation in Xiamen, Fujian province, China, Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

A first generation battery swapping station by China-based CATL battery manufacturing company, is seen in Xiamen, Fujian province, China, Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

A first generation battery swapping station by China-based CATL battery manufacturing company, is seen in Xiamen, Fujian province, China, Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

The next generation swap battery build by China-based CATL battery manufacturing company, is shown on the screen during a launch presentation in Xiamen, Fujian province, China, Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

The next generation swap battery build by China-based CATL battery manufacturing company, is shown on the screen during a launch presentation in Xiamen, Fujian province, China, Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

Robin Zeng, the CEO of China-based CATL battery manufacturing company, speaks near the words reads "swap battery" at a launch event for the next generation of swap stations in Xiamen, Fujian province, China, Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

Robin Zeng, the CEO of China-based CATL battery manufacturing company, speaks near the words reads "swap battery" at a launch event for the next generation of swap stations in Xiamen, Fujian province, China, Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

Attendees look at the next generation battery swapping station from China-based CATL, the world's largest maker of batteries for electric vehicles, before a launch presentation held in Xiamen, southern China's Fujian province on Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)

Attendees look at the next generation battery swapping station from China-based CATL, the world's largest maker of batteries for electric vehicles, before a launch presentation held in Xiamen, southern China's Fujian province on Wednesday, Dec. 18, 2024. (AP Photo/Ng Han Guan)