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EV Battery Repair and Remanufacturing: a force against erosion of the Automotive Aftermarket

Axa Novi and Wolk & Nikolic After Sales Intelligence jointly release new and profound insights into the European market for repair and remanufacturing of battery packs of electric vehicles in their latest study “EV Battery Repair and Remanufacturing: A Force Against Erosion of the Automotive Aftermarket”.

EV Battery Repair and Remanufacturing: a force against erosion of the  Automotive Aftermarket

At the center of the electric vehicle revolution, a new market will emerge: battery pack repair and remanufacturing. Driven by sustainability targets and a quest for carbon emission reduction, repair, remanufacturing and re-use of EV battery packs will gain momentum in the years to come. Our study highlights the actual market potential and the future growth path up till 2031. Thereby, emphasizing the true potential for the automotive aftermarket related to out-of-warranty battery packs. We display the leading makes and models and shed light on the complexity of the battery packs used and the challenges that come along with the lack of standardization.

“This market study provides a great starting point for those companies willing to explore and understand new business opportunities in the automotive aftermarket. These can be spare parts
manufacturers, distribution companies, or service providers.” According to Bart Timmermans, Founder and Managing Director of Axa Novi. We show the leading European companies in this line of business, the challenges they face and their vision towards the future of the longevity of EVs. A business currently immature has to overcome supply chain issues and investment challenges to build a positive long-term business case. Additionally, there is a knowledge gap to close compared to the vehicle or battery cell manufacturers. Supply of spare parts for battery pack repair primarily originates from scrap yards or recycling companies. Financial investments for individual workshops or authorized dealerships are more than substantial for a single car manufacturer brand. Combined with a small market demand, this currently does not show a positive business case. Knowledge needs to be gained empirically, for example by reverse-engineering, and has to be documented very thoroughly to be able to scale up. According to Rüdiger Hölzel, “Our market study furthermore reveals that vehicle manufacturers deploy different approaches ranging from training the captive and authorized channel to the creation of battery pack repair plants and vertical integration of recycling capabilities. Innovative ideas such as the “Flying Doctor” concept have been launched.”

“The empirical and fact-based information gathered through interviews with leading EV repair companies across Europe combined with the extensive Aftermarket experience of Wolk & Nikolic has created unique market insight”, said Zoran Nikolic and Antti Wolk.

About Axa Novi B.V.

Axa Novi is a boutique automotive consultancy agency with a strong focus on business strategy, business development, and internationalization. Additionally, we are also your partner for profound and qualitative market studies in the field of automotive aftermarket, and automotive battery-related topics. We help you realize your business growth ambitions with incisive and fact-based analyses and improvements in your business performance together. Axa Novi analyses, defines, and implements, what we call “Active Strategy”!

About Wolk & Nikolic After Sales Intelligence

Wolk & Nikolic After Sales Intelligence is a leading company in the field of Automotive Aftermarket Intelligence and provides neutral market information, consulting services, and implementation advice with a strong focus on the automotive after-sales market. The basis of our services and products is extensive market research and analysis of the global automotive aftermarket. Therefore you will benefit from our broad experience to make the right, future-oriented business decisions.

For further information please contact

Axa Novi B.V.
Bart Timmermans
Managing Director
+31 6 2074 5562
bart op axanovi punt com
https://axanovi.com