Nissan, Sumitomo to Lease, Sell Used Electric Car Batteries

Used LEAF electric car batteries would be leased to renewable energy producers and secondary customers, helping lower cost of batteries.

Published: 22-Oct-2009

Nissan Motor on Tuesday announced plans to market used lithium-ion batteries from its soon-to-launch Leaf electric car to solar-power generators and other secondary customers, the first major scheme of its kind that could bring down the high cost of owning a zero-emission vehicle.

Nissan is to partner with Sumitomo Corp, the Japanese trading and investment company, which operates a range of equipment-leasing businesses. The two are to form a joint venture in Japan and the US next year that will eventually sell or lease the second-hand batteries.

Nissan’s batteries, developed with NEC, the Japanese electronics group, should retain 70 to 80 per cent of their recharging capacity at the end of a car’s normal driving life of about 10 years, according to the carmaker.

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