Nissan, Sumitomo Form Electric Car Battery JV

Newly formed company 4R Energy Corp capitalized at US$5.42m.

Published: 16-Sep-2010

Japan's Nissan Motor Co (7201.T) and Sumitomo Corp (8053.T) said on Wednesday they had formed a joint venture aimed at commercialising used lithium-ion batteries for electric cars.

The company, called 4R Energy Corp and capitalised at 450 million yen ($5.42 million), will be held 51 percent by Nissan and 49 percent by trading house Sumitomo, they said in a statement.

Nissan and its French partner Renault SA (RENA.PA) are aiming to lead the market for battery-run electric vehicles with a global launch on a mass scale in 2012. The alliance's first mass-volume all-electric car, the Nissan Leaf, is due to hit the Japanese and U.S. markets this December.


Nissan LEAF's battery uses 8.8 lbs of refined lithium

Between new lithium resources and recycling, proponents see enough lithium for electric car batteries into the foreseeable future.

Volkswagen e-Up! electric car scheduled for 2013 launch

Goal is to develop lithium-ion batteries that are competitive technologically and in price.

Fraunhofer Institute radio controlled electric car with miniature prototype redux flow battery

The pumped-off electrolyte can be recharged at the gas station, for example, using a wind turbine or solar plant


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