(Updates with executive comment in third paragraph.)
Sept. 30 (Bloomberg) -- General Electric Co. and Nissan Motor Co. said they signed a two-year research and development agreement to speed infrastructure improvements and spur electric car sales.
GE and Nissan, which has sold more than 7,000 of its Leaf electric vehicles this year, will focus research on how recharging such vehicles affects home and workplace electrical systems and utility power grids.
“Together we’ll make a better world possible for the use of electric vehicles,” Mark Little, GE’s director of global research, said at a press briefing today at Nissan’s Farmington Hills, Michigan, facility.
The companies agreed in April 2010 to a three-year agreement to study car-charging infrastructure.
Nissan is marketing the electric Leaf as its primary alternative-fuel vehicle. The Leaf competes against plug-in hybrid vehicles including General Motors Co.’s Volt, which travels 25 to 50 miles on battery power before a gasoline engine kicks in.
--Editors: Bill Koenig, Jamie Butters
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