The market for reusing electric vehicle (EV) batteries is experiencing significant growth, driven by increasing demand for energy storage and advancements in circular economy initiatives, according to a recent Research and Markets report. Projected to rise from $759.9 million in 2025 to $32.9 billion by 2035, this market is supported by factors such as declining refurbishment costs and the integration of repurposed batteries into renewable energy systems. This development is accompanied by investments from automotive manufacturers and energy companies in second-life battery programs, aiming to extend asset value and minimize environmental impact. Advances in technology, such as artificial intelligence-driven diagnostics, are enhancing battery health assessments and refurbishment efficiencies, fostering a more robust battery reuse ecosystem.
In other market news, Wanxiang QianchaoLtd (SZSE:000559) was a notable mover up 10% and ending the day at CN¥12.71. This month, the company reported a slight increase in net income despite lower sales compared to the previous year. In the meantime, Zhongce Rubber Group (SHSE:603049) lagged, down 6.5% to end trading at CN¥37.86, close to the 52-week low. On Friday, the company reported a decrease in net income and earnings per share for the nine months ended September 30, 2026, compared to the previous year.
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- Tesla (NasdaqGS:TSLA) closed at $372.22 down 0.6%.
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Sources:
- Simply Wall St
- "EV Battery Reuse Market Size, Share, Growth Opportunities, and Forecast, 2026-2035 | Old EV Batteries Get a Second Life and a Shot at a $32.9 Billion Market" from Research and Markets on GlobeNewswire (published 23 October 2026)
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