Will second-life batteries need to compete with new batteries?

Hyundai Motor Group has recently announced a commercial partnership with energy company Wärtsilä to utilize second-life electric vehicle batteries for stationary energy storage at both commercial and utility scales. This is not the first piece of news that automotive companies are trying to give a second life to their retired EV batteries as major EV manufactures including Nissan, Renault, BMW, Daimler, BYD etc. have announced various battery second use projects around the world.

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