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Green Machine: LKQ acquires EV battery business

Chicago, Illinois — LKQ Corporation is going green with its new announcement that it has gained the business and assets of Green Bean Battery Company. LKQ, a provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, has expanded by obtaining the battery company, which focuses on reconditioning and installing hybrid batteries. Green Bean has also developed a proprietary hybrid battery reconditioning process that reportedly produces a more reliable and longer-lasting battery.

The LKQ president of North America Wholesale Operations, Justin Jude, says that acquiring Green Bean Battery furthers their mission to keep up with the industry’s up-and-coming technology all while allowing the corporation to cater to a wider audience.

“This acquisition reinforces our ongoing commitment to expand our parts and services offerings to meet the demands and opportunities that arise from technological changes in the automobile industry,” he said. Green Bean Battery reconditions batteries for hybrid vehicles manufactured by Toyota, Honda, General Motors, Lexus, and Nissan. Jude says that it only makes sense that LKQ adds Green Bean to their roster.

“Battery reconditioning represents a natural extension of our current powertrain remanufacturing operations,” said Jude. “In addition, Green Bean’s entrepreneurial history, proprietary technology and sustainably-focused products fit well with LKQ’s mission and culture, and we are proud to have them join our North American team.”

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