Toyota RAV4 Hybrids have become a popular choice for drivers seeking a blend of fuel efficiency and SUV practicality. However, a crucial component – the hybrid battery – can raise concerns about longevity and replacement costs.
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LKQ Corporation (LKQ) has acquired the business and assets of Green Bean Battery. LKQ provides alternative and specialty parts to repair and accessorize automobiles and other vehicles. The financial terms of the deal have not been disclosed. Green Bean rebuilds hybrid batteries to restore lost battery capacity, thus creating a more reliable battery and extending its life span by many more years. The company reconditions batteries for hybrid vehicles manufactured by Toyota, Honda, General Motors, Lexus, and Nissan. The buyout will help LKQ Corporation expand its portfolio and enhance its services offerings as it strives to meet changing trends in the automobile industry. LKQ’s North America Wholesale Operations President Justin Jude said, “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 added, “Battery recon
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