The market for secondhand electric vehicle batteries is heating up in Australia, creating a new industry that barely existed two years ago. Traditionally, written-off vehicles at salvage auctions attracted interest only from wreckers or car enthusiasts. Today, a very different type of buyer is turning up, focused on one valuable component: the powerful lithium batteries inside electric cars.
This repurposing of EV batteries gives manufacturers like Bollinger Innovations, Inc. (NASDAQ: BINI) added impetus to give their models even more…
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