Hello's battery swap arm to set up Jiangsu headquarters in WND

A Xiaoha Huandian battery swap station for electric two-wheelers. [Photo/WeChat account: xinwu_wx]

Xiaoha Huandian, a battery-swapping arm of bike-sharing firm Hello, has signed an agreement to establish its Jiangsu regional headquarters in Wuxi National Hi-Tech District (WND), marking a major step forward in expanding smart battery-swapping services for electric two-wheelers across the province.

As part of the agreement, signed on Feb 3, nearly 500 million yuan ($72.03 million) will be invested over the next three years to build 9,160 battery swapping and charging units, and deploy 632,000 batteries, generating an estimated 1.4 billion yuan in revenue.

Jointly established by Hello, CATL and Ant Group, Xiaoha Huandian is a leading player in China's two-wheeler battery swapping sector. By the end of 2024, its services had expanded to include more than 500 cities nationwide, with over 100,000 smart battery swap cabinets in operation and more than one million swaps completed daily. The model has effectively reduced risks associated with illegal charging of electric bicycles and significantly improved urban public safety.

Peng Zhaokun, co-founder and senior vice-president of Hello Group, said Wuxi stands out as one of China's key hubs for the electric vehicle industry, offering a complete industrial chain, strong market base and clear development advantages. These strengths, he noted, make the city an ideal location for scaling up battery swapping services and supporting long-term growth.

The project is expected to further strengthen WND's position in the new energy and smart mobility sectors, while providing safer, more convenient energy solutions for electric two-wheeler users across Jiangsu.