9/12/2023 0 Comments Nissan second lifeThe 4R battery venture is a win for both companies. I believe this new potential venture could help us fulfill our social commitment." "In coming years, our social commitment is to contribute to the substantial reduction of carbon dioxide. "As a company that handles initiatives from natural resources and battery materials to building an infrastructure for electric vehicles, we are quite pleased to announce our work with Nissan to create a new market with second-life batteries," said Kazuo Ohmori, Sumitomo Corporation Executive Vice President. Even after the end of normal vehicle life, the high-performance lithium-ion batteries used by Nissan will retain 70 to 80 percent of residual capacity and can be reused and resold to various industries as a solution to energy-storage. As consumers increasingly choose zero-emission cars, demand for second-life batteries is expected to grow as the supply of reusable batteries from electric cars rises. Nissan has committed to bringing electric vehicles to the mass market by fiscal year 2012. We are pleased to have found a business partner in Sumitomo." In fact, our batteries are not only reusable, they also contribute as a solution to energy storage. "Consumers are excited by the promise of all-electric, zero-emission cars, but they also want assurances that lithium-ion batteries can be reused and recycled. "We recognize Nissan's unique responsibility as the first company in the world to commit to delivering affordable zero-emission mobility," said Nissan Chief Operating Officer Toshiyuki Shiga. Today there is no existing supply of large-capacity reusable batteries, but by 2020 in Japan, the demand for "second-life" batteries is expected to reach the equivalent of 50,000 electric-cars per year at the minimum, as demand grows for an increasing range of energy-storage solutions. The "4R" business model defined by the two companies is designed to capitalize on the supply of reusable lithium-ion batteries as electric cars achieve widespread marketplace acceptance. TOKYO (October 20, 2009) - Nissan Motor Co., Ltd., and Sumitomo Corporation today announced joint plans to initiate a business venture to "Reuse, Resell, Refabricate and Recycle" lithium-ion batteries previously used in electric cars, giving them a "second-life" as energy-storage solutions in markets worldwide.
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