This Week In Electric Vehicles - EV Battery Reuse: Powering A Sustainable Future

The global market for electric vehicle (EV) battery reuse is anticipated to grow significantly, with projections estimating an increase from USD 625.1 million in 2024 to USD 5.6 billion by 2030. This expansion is attributed to the rising number of electric vehicles and the demand for more sustainable solutions, such as repurposing used EV batteries for secondary applications like energy storage. The reuse of EV batteries not only offers economic benefits by reducing the need for new raw materials but also aligns with global objectives to minimize electronic waste and promote a circular economy. Furthermore, advancements in predictive analytics and battery diagnostics, along with regulatory support, are driving investments and innovations in the EV battery reuse sector.

In other trading, Subaru (TSE:7270) was a standout up 9.6% and finishing the session at ¥2,920. On Friday, the company announced an increased dividend guidance for the fiscal year ending March 31, 2025. Meanwhile, Volvo Car AB (publ.) (OM:VOLCAR B) trailed, down 11.1% to close at SEK21.06, not far from its 52-week low. Three days ago, the company announced year-end earnings showing increased annual sales but a decline in quarterly net income.

Ford Motor's focused EV strategy and high-margin software services aim to enhance profitability. Click here to explore the detailed narrative on the company's strategic initiatives.

In our Market Insights series, we previously discussed the intersection of cybersecurity and electric vehicles, particularly focusing on the vulnerabilities that connected and autonomous vehicles introduce to the digital landscape, highlighting the increasing importance and opportunities for cybersecurity within the EV sector.

Best EV Stocks

• NIO (NYSE:NIO) settled with no change at, $4.20.
• Tesla (NasdaqGS:TSLA) ended the day at $374.32 down 1%. On Thursday, an arbitrator ruled that Matthews can sell its DBE technology to customers other than Tesla.
• Ford Motor (NYSE:F) finished trading at $9.26 down 7.5%, hitting its 52-week low. This week, Ford announced executive reshuffles and reported increased revenue and net income for the year ending December 2024.

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• Click here to unveil our expertly curated list of 52 EV Stocks including ZEEKR Intelligent Technology Holding, Littelfuse and Magna International.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "EV Battery Reuse Global Business Report 2025, with 25+ Profiles including B2U Storage Solutions, Connected Energy, Evyon, OCTAVE, Ronak Pumps and Valves, Second Life EV Batteries and More" from Research and Markets on GlobeNewswire (published 07 February 2025)

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