Draft:Green Bean Battery

Submission declined on 25 December 2024 by Ibjaja055 (talk).

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Declined by Ibjaja055 1 second ago. Last edited by Ibjaja055 1 second ago.

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Submission declined on 25 December 2024 by Ibjaja055 (talk).

This submission is not adequately supported by reliable sources. Reliable sources are required so that information can be verified. If you need help with referencing, please see Referencing for beginners and Citing sources.

Declined by Ibjaja055 1 second ago.

Green Bean Battery is an American company specializing in the remanufacturing of hybrid vehicle batteries. The company focuses on providing cost-effective and sustainable solutions for hybrid vehicle owners by refurbishing nickel-metal hydride and lithium-ion batteries.

History

Green Bean Battery was founded to address the growing demand for hybrid vehicle battery replacements. Its innovative business model focuses on sustainability and affordability by offering remanufactured batteries accompanied by mobile installation services and a lifetime warranty.

The company gained significant attention in 2021 when it was acquired by LKQ Corporation, a leading provider of alternative and specialty parts in the automotive industry. The acquisition allowed LKQ to expand its offerings in the hybrid and electric vehicle (EV) markets and marked a strategic move toward supporting environmentally sustainable automotive solutions.https://www.bizjournals.com/chicago/news/2021/05/25/lkq-acquires-green-bean-battery.htmlhttps://www.bodyshopbusiness.com/lkq-corporation-acquires-green-bean-battery/

Management

As of 2024, Adrian Castillo serves as the General Manager of Green Bean Battery. Castillo oversees the company’s operations, ensuring continued growth and innovation in the hybrid and EV markets.https://www.reuters.com/plus/tbd-media-group/lkq

Products and Services

Green Bean Battery’s offerings include:

• Remanufactured Nickel-Metal Hydride Batteries: For hybrid vehicles.

• Lithium-Ion Batteries: Tested and certified for use in modern hybrid vehicles.

• Original Equipment (OE) Batteries: Factory-grade replacements.

The company also provides free mobile installation services, making battery replacement convenient for customers.

Industry Impact

Green Bean Battery is recognized for its contribution to the circular economy in the automotive sector. By remanufacturing used batteries, the company reduces waste and helps lower the environmental footprint associated with hybrid vehicle maintenance.https://www.nasdaq.com/articles/lkq-corp-lkq-buys-green-bean-battery-expands-product-offering-2021-05-27https://www.collisionrepairmag.com/green-machine-lkq-acquires-ev-battery-business/

Acquisition by LKQ Corporation

In May 2021, LKQ Corporation acquired Green Bean Battery, a move that aligned with LKQ’s strategy to expand into the growing hybrid and EV markets. The acquisition has enabled LKQ to offer a wider range of sustainable products and strengthened its position as a leader in automotive remanufacturing and repair.https://www.nasdaq.com/articles/lkq-snaps-up-green-bean-battery-street-says-buy-2021-05-26

References

1. https://www.bizjournals.com/chicago/news/2021/05/25/lkq-acquires-green-bean-battery.html

2. https://www.nasdaq.com/articles/lkq-corp-lkq-buys-green-bean-battery-expands-product-offering-2021-05-27

3. https://www.bodyshopbusiness.com/lkq-corporation-acquires-green-bean-battery/

4. https://www.collisionrepairmag.com/green-machine-lkq-acquires-ev-battery-business/

5. https://www.nasdaq.com/articles/lkq-snaps-up-green-bean-battery-street-says-buy-2021-05-26

6. https://www.reuters.com/plus/tbd-media-group/lkq

References