As electric vehicle sales are growing in South Korea, one big issue coming in the foreseeable future is what to do with rechargeable batteries that outlive their useful life for a vehicle.
LG Energy Solution Ltd., which supplies lithium-ion batteries to Tesla, General Motors, Volkswagen and Hyundai Motor, has also been developing technologies to prepare for a large pool of batteries set to retire in the coming years.
Hyundai Motor and LG Energy are soon expected to have a large pool of disused batteries from Kona EVs as a domestic recall has been under way since March 29 for about 25,000 vehicles over fire risks.