UPDATE 1-GE, Nissan agree to research vehicle charging

* GE, Nissan team up to research ‘smart’ charging

* Nissan’s electric Leaf hatchback due late 2010

* Charging stations to ease strain on power grids

DETROIT, April 26 (BestGrowthStock) – General Electric Co (GE.N: )
and Nissan Motor Co (7201.T: ) on Monday announced a three-year
agreement to collectively research development of charging
stations for electric vehicles.

Nissan will debut the electric Leaf hatchback later this
year in Japan, the United States and Europe. The Leaf’s
batteries will allow it to have a 100-mile range on a full
charge, Nissan says.

The two companies say the work will center on “smart”
charging stations that would allow for communication with
utility companies to ease strain on electric power grids.
Eventually, car companies and utilities hope that vehicles can
form a power storage source.

“Together with Nissan, we will take a comprehensive look at
what technologies will be needed in the car, on the grid, and
at home or work to make smart charging a reality,” said Mark
Little, director of GE Global Research.

GE and Nissan said they will in the next few months
identify specific projects for the new partnership.

Utility companies are working with home and business owners
to install 220-volt charging stations what will charge electric
vehicles more quickly than the conventional 110-volt outlets in
most U.S. homes.

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(Reporting by Bernie Woodall, editing by Maureen Bavdek)

UPDATE 1-GE, Nissan agree to research vehicle charging