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By Automotive Logistics2011-01-19T00:00:00+00:00
Online used car retailer Cazoo has bought SMH Fleet Solutions, one of the UK’s leading vehicle preparation, logistics and storage businesses, for £70m ($51m)
As demand for EVs increases globally, hiking up production of battery packs is increasingly essential to OEMs. Carmakers are now seeking ways of building the packs and modules on the same site in order to simplify their supply chains.
China currently dominates global EV battery recycling capacity, making up two-thirds of all facilities used to re-use battery materials worldwide. The primacy of the Asian market means that the majority of batteries used in other markets have to be processed in Asia.
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