As demand for electric vehicles grows, the number of used batteries will increase significantly. Nissan hopes that by reclaiming these batteries, it can help lower battery replacement costs and heighten the used-car value of electric vehicles.
Nissan has built a EV battery remanufacturing facility in Namie, Japan – small town near the Fukushima nuclear power plant destroyed by a tsunami in 2011. This is a first factory in Japan specializing strictly in recycling of used lithium-ion batteries from electric vehicles. The 4R Energy Corp. is a joint venture with Sumitomo, according to Reuters. “By reusing spent EV batteries, we wanted to raise the (residual) value of EVs and make them more accessible,” says Eiji Makino, CEO.