Nissan has partnered with Sumitomo Corporation to create a business venture that will “Reuse, Resell, Refabricate and Recycle” batteries formerly used in electric vehicles. Once the batteries are too worn for use in cars, they would be removed and reconfigured for use in other devices. Nissan will thus be able to assure customers that the lithium-ion batteries in its electric cars will be reused or recycled, and predicts a large market for second-hand batteries by 2020. An increase in the number of all-electric vehicles on the road—the company plans to launch the all-electric Nissan Leaf globally by late 2010—would create an abundance of used-up lithium-ion cells. When given a second life, the batteries from Nissan’s electric vehicles won’t likely be used in other cars. Instead, Nissan plans to repackage the battery packs in configurations more suitable for storing electricity from solar panels or for battery-power backup systems. Nissan and Sumitomo will establish a battery partnership in Japan and the U.S. by the end of next year; in Europe, Nissan will work with Renault to pursue a similar venture.