Looking to create a market for used lithium-ion batteries that will help make new ones less expensive, Nissan Motor Co. and Japanese trading and financial giant Sumitomo Corp. said today they will team up to start an battery recycling business. ———- A lithium-ion battery cell made by Nissan's Automotive Energy Supply Corp. joint venture with NEC. Recycling batteries will help lower costs, the automaker says. ———- Once no longer useful in hybrids or electric vehicles because their storage capacity has dropped below acceptable levels, the batteries still can be recycled for use in stationary systems ranging from emergency back-up power to storage of solar and wind-generated electricity. Creating an after-automotive market and value for the batteries would allow automakers such as Nissan – which is building its own batteries for its upcoming EVs – to factor the recycled value into the cost of manufacturing hybrid and all-electric cars and trucks with rechargeable batteries. The venture is part of Nissan's effort to pull ahead of the pack in the electric vehicle market and regain some of the ground it lost by ignoring the hybrid market for so long.
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Nissan, Sumitomo to Recycle Li-Ion Batteries, Say Resale Value Will Help Cut Costs
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