Chinese electric vehicle brand Rising Auto announced on Monday plans to establish over 50 battery swap stations nationwide by the end of the year. The initiative is a collaboration with China’s two state oil and gas majors, Sinopec and CNPC. According to a statement, these swap facilities will be accessible to consumers in several major cities, including Beijing, Guangzhou, and Chengdu, allowing for battery replacement in a mere two and a half minutes. Rising Auto, a prominent EV unit of SAIC, a state-owned automaker in China, introduced its R7 crossover model last September, priced from RMB 302,500 ($42,187). Additionally, the company offers a battery lease program, which can bring down the starting price to just RMB 205,900. Currently, Rising Auto operates seven battery swap stations in Shanghai. [Rising Auto announcement, in Chinese]