Nissan Motor Co., and Sumitomo Corporation have teamed up to establish a new joint venture focused on researching second-life options for lithium-ion batteries which no longer pack the punch required for electric vehicle (EV) duty. The joint-venture, 4R Energy, kicked off a study to "Reuse, Resell, Refabricate and Recycle" lithium-ion batteries.
Nissan will launch its battery-powered Leaf in the U.S. this fall, followed by a global introduction in 2012. The company predicts that sales of its EVs may exceed 100,000 in a few year's time. Dealing with mass quantities of spent batteries at some point down the line will be no easy task, but Nissan and Sumitomo believe that their joint effort will lead to a well-developed second-life business model for automotive batteries. Hit the jump to discover what's in store for lithium-ion batteries after their years of providing power for EVs come to a halt.