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Volvo and CATL have big plans for old EV batteries

Baua Electric

Volvo sold over 113,000 fully electric vehicles in 2023, up 70% compared to 2022. Electric cars accounted for 16% of Volvo’s total vehicle sales in 2023, but this year is expected to be even bigger. Volvo’s EX30 starts at $34,950 in the US and €36,590 in Europe as one of the most affordable EVs.

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BYD sold 68,018 battery-electric buses worldwide 

Electric Vehicles India

BYD battery-electric buses. As part of the collaboration, BYD will implement Levo’s technology and capital to offer fully financed medium and heavy-duty BYD commercial EVs. BYD was expanding its footprint in the US with a fully electric school bus capable of bidirectional charging.

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