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.