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Nissan & Sumitomo Establish Joint Research Company

Mon, 09/20/2010 - 12:20pm
PowerPulse.net

Nissan Motor Co., Ltd. and Sumitomo Corp. announced that a new joint-venture company was established on September 14th. The company will conduct research on the second-life use of lithium-ion batteries that have been used previously in electric cars.

Naming a second-life business for recyclable advanced lithium-ion batteries as the "4R Energy" business in October 2009, both companies started a joint study to "Reuse, Resell, Refabricate and Recycle" the lithium ion batteries used in electric cars.

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