Honda and Mitsubishi, two of Japan’s leading automakers, have announced a partnership to explore new EV-specific businesses. The two companies will focus on battery lifetime management, smart-charging, and Vehicle-to-Grid (V2G) services.
The partnership is a response to the rapid shift towards electric vehicles. Honda and Mitsubishi believe that by working together, they can develop innovative new businesses that will benefit both companies and their customers.
One of the key goals of the partnership is to maximize the value of EV batteries. Honda and Mitsubishi will develop new battery monitoring systems and energy management technologies to extend the lifespan of EV batteries and allow them to be used for stationary energy storage.
The partnership will also focus on smart-charging and V2G services. Smart-charging systems automatically adjust the timing of EV charging to avoid peak load periods and optimize energy consumption. V2G systems allow EVs to supply electricity to the grid, which can help to meet local electricity needs and reduce reliance on fossil fuels.
The partnership between Honda and Mitsubishi is a significant development for the EV industry. It shows that two of Japan’s leading automakers are committed to developing innovative new businesses that will support the transition to a more sustainable future.