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Asia Pacific EV Battery Reuse Market Share

Report ID: GMI6564
Published Date: Aug 2023
Report Format: PDF

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Asia Pacific EV Battery Reuse Market Share

Leading companies in the Asia Pacific EV battery reuse market comprise

Tesla
Nissan Motor Co., Ltd.
Renault Group
RWE + Audi
Neoen
RELECTRIFY PTY LTD.
Tritium Charging
Umicore

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

APAC electric vehicle (EV) battery reuse market size reached around USD 299.2 million in 2023 and is projected to exceed USD 7.89 billion by 2032, propelled by the increasing adoption of Electric Vehicles alongside endeavors aimed at energy optimization.

Energy storage application segment is anticipated to grow at a CAGR of over 51% through 2032. Repurposing used EV batteries for energy storage extends their useful life, maximizing the return on investment for the initial battery purchase and reducing the overall cost per unit of energy storage.

The EV battery reuse market in China is anticipated to grow at a significant pace, owing to the nation being the biggest EV manufacturer across the globe, resulting in a significant volume of used batteries that can be repurposed for second-life applications.

Tesla, Nissan Motor Co., Ltd., Renault Group, RWE + Audi, Neoen, RELECTRIFY PTY LTD., Tritium Charging, and Umicore amongst others.