- Cox Automotive Mobility acquires Spiers New Technologies, a leading service provider for EV battery life cycle management, reinforcing the long-standing commitment by Cox to invest in sustainable technology.
- New end-to-end Global EV battery service network provides high-voltage battery solutions for OEMs, dealers and fleet providers.
- Filling a void in the new and used EV category, Cox Automotive Mobility’s new independent, third-party battery health diagnostic tool will strive to become the industry standard to assess the condition and value of EV batteries.
Cox Automotive Mobility has today announced a foundational investment for its new Global EV Battery Service Network with the acquisition of Spiers New Technologies (SNT), a leading service provider for EV battery life cycle management.
The acquisition is part of Cox Automotive’s ambition to become the world’s leading end-to-end strategic solutions partner for electric vehicles (EV) including storage and logistics to remanufacturing, reuse and pre-treatment recycling,
As EVs become more prominent, battery production, health and life cycle management will become increasingly important and challenging for OEMs, dealers and fleet providers. Spiers New Technologies, which currently has operations in the U.S. and Europe (The Netherlands), with plans to increase its footprint across the U.S., UK and other continental European markets. The acquisition will allow Cox Automotive Mobility to establish a comprehensive global offering of EV battery service capabilities to meet the needs of its customers in their core markets.
“This is another strategically important acquisition for us, both as an integral part of our plans to significantly extend our capabilities in the mobility space, and as well as reinforcing our long-term commitment to invest in sustainable technology,” commented Martin Forbes, president of Cox Automotive International.
“Cox Automotive Mobility is committed to being the best battery health innovator and end-to-end solutions provider for the safe promotion and preservations of our electric future,” added Lea Malloy, head of research & development, Cox Automotive Mobility. “Our early investments in the space and EV battery health patent were just the start. Now, we’ve gone a step further with the acquisition of Spiers New Technologies, the world’s leading service provider of EV battery life cycle management – from battery diagnostics and logistics management to remanufacturing and recycling services.”
Investing and Innovating to Advance EV Market Growth
Electric vehicles have a different service and support profile than combustion vehicles – everything from cost, valuation, residual calculations, servicing and salvage differ and create challenges for the automotive ecosystem. Comparing cost alone, with the EV battery pack making up about 30-40% of the cost of an EV today, it’s a high-value asset that needs inspection, valuation and servicing. Cox Automotive Mobility has the passion, motivation, resources and expertise to set industry standards for battery health and manage its life cycle worldwide.
The new independent, third-party battery health diagnostic tool built by SNT and Cox Automotive Mobility is powered by SNT’s ALFRED battery decisioning platform. This is becoming the industry standard used globally to assess the condition and value of EV batteries, filling a void in the new and used EV category and helping drive greater transparency and confidence in EV transactions with consumers.
“As a pioneer and leader in electric vehicle 4R servicing, we are proud of the revolutionary progress we have made, but this is only the beginning of the journey,” said Dirk Spiers, founder of Spiers New Technologies. “Leveraging our combined strengths with Cox Automotive in engineering, technology and data, we are creating significant value and opportunity for those embracing the electric future.”
Cox Automotive Mobility’s efforts is a complement to the commitment of Cox Enterprises to drive positive environmental change through its Cleantech and Cox Conserves initiatives and the organization’s goal to achieve carbon and water neutrality by 2034 and zero waste to landfill by 2024. Cox believes in a closed-loop ecosystem for EV batteries to help reduce their environmental impact with more sustainable end-of-life reuse and recovery treatments.
“Cox Automotive is the only company that’s connected to every pillar of the automotive industry and every stage of a vehicle’s life,” said Steve Rowley, president of Cox Automotive. “As an innovator and thought leader for more than 75 years, we don’t wait for things to change, we cause the change. Taking charge of the EV battery life cycle and creating sustainable solutions for our planet is no exception.”