Honda and Mitsubishi Corporation (MC) have signed a memorandum of understanding (MoU) to begin discussions toward the creation of new businesses in the electric vehicle (EV) and EV battery sector. The two parties want to …
Honda and Mitsubishi Corporation have signed a memorandum of understanding to begin discussions toward the creation of new businesses in the electric vehicle and EV battery sector. The two parties want to leverage their strengths to build sustainable business models in light of the anticipated growth in the EV market.
Honda and MC have outlined the areas that they want to jointly work on, and battery lifetime management is one of them. The plan is to maximise the value of batteries that will be installed in Honda mini-EV models, which are scheduled to launch in Japan next year.With a sophisticated battery-monitoring system, the new business would manage and maximise the value of each battery throughout its lifetime, shifting from powering the EVs to a repurposed life as stationary energy storage.
Smart charging systems automatically adjust the timing of EV charging to avoid peak load periods and optimise energy consumption. Meanwhile, in the V2G system, EVs will not only take electricity from the grid but also supply electricity back to the grid to help meet local electricity needs.
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