Honda Motor and Mitsubishi Corp, two prominent players in the automotive industry, have joined forces to delve into untapped markets for electric vehicle (EV) batteries. This strategic collaboration reflects the global shift toward battery-powered cars, highlighting the industry’s challenge of sustainable battery disposal, a crucial aspect that needs addressing.
Honda And Mitsubishi Collaboration
Honda’s CEO, Toshihiro Mibe, emphasized in a statement that the company is not merely focusing on selling electric vehicles (EVs) but is adopting a proactive stance toward energy management. This approach involves utilizing EV batteries as a viable energy source, showcasing Honda’s commitment to sustainable practices.
As outlined in their Memorandum of Understanding (MoU), the companies have set their sights on creating a comprehensive business venture. This endeavor encompasses transferring Honda’s mini-EV model batteries into stationary energy storage solutions and implementing battery usage monitoring.
Honda is scheduled to commence the sale of its EV model in Japan in 2024. Moreover, the collaboration will involve joint efforts in developing “smart charging” technology, capable of optimizing the timing of EV charging for efficiency, and the “Vehicle to Grid” system, enabling the supply of electricity stored within EVs to the grid.
According to the agreement, the collaboration between the companies aims to ultimately lead to decreased electricity costs for consumers and improved utilization of battery materials, marking a significant step towards sustainable energy solutions.
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