Hyundai signs MoU to use second-life EV lithium-ion batteries in ESSs

South Korea's vehicle OEM Hyundai Motor Group has signed a memorandum of understanding (MoU) with PV manufacturer Hanwha Q Cells to recycle old EV batteries into second-life energy storage applications.
The partnership will develop energy storage systems (ESS) using old EV batteries for the European and North American markets.