Nissan Motor Co., Ltd., and Sumitomo Corp. announce plans to form a business venture to market lithium-ion batteries previously used in electric vehicles, giving them a second-life as energy-storage solutions in global markets. The “4R” business model defined by the two companies is designed to capitalize on the supply of reusable Li-ion batteries as EVs achieve widespread marketplace acceptance. Nissan unveiled its Leaf EV in August, billing it as the world’s first affordable ...

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