Pre-Owned Electric Car Batteries
Pre-Owned Electric Car Batteries
Nissan and Sumitomo established a joint venture to recycle lithium-ion electric car batteries, which could give Nissan an early lead in the fledgling electric car market by making its vehicles more affordable. The venture is based on a '4R' business model - Reuse, Resell, Refabricate and Recycle. Nissan aims to launch mass market electric vehicles by 2012. It already operates a joint venture with NEC - Automotive Energy Supply Corporation (AESC) - that makes high-performance lithium-ion batteries.
Reselling the batteries solves one of electric car manufacturers' biggest problems, which is affordability. Demand is expected to be particularly high for back-up power supplies, uninterruptable power supplies, load levelling for the electricity grid, and levelling of energy from both photovoltaic solar and wind power. In Japan, demand for such recycled batteries is expected to reach the equivalent of at least 50,000 electric cars a year by 2020.
