An EV charges at a vehicle charging point in Moscow. EV batteries can still be used for other purposes even after they have degraded and can no longer power a vehicle. — Bloomberg
TOKYO: The recycling of high-capacity batteries used in electric vehicles (EVs) is gaining traction as a business opportunity, because they can still be used for other purposes even after they have degraded and can no longer power a vehicle.
As Nissan Motor Co and Mitsubishi Motors Corp started mass-producing EVs more than 10 years ago, battery replacement cycles have already started to kick in.
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