Honda has struck a new partnership with Mitsubishi Corporation, Japan’s most significant trading entity. The partnership aims to improve the electric vehicle (EV) experience for Japanese car owners through two revolutionary business models.
Honda is introducing Battery Lifetime Management to their upcoming EVs
The initiative begins with a focus on maximizing battery utility. Traditionally, used high-voltage car batteries meet an unfortunate fate: they’re discarded as scrap. Honda aims to change this narrative by introducing a “Battery Lifetime Management” system in their upcoming mini-EVs. This innovative system will give these batteries a second life as stationary energy storage units, delaying their journey to the scrapyard and promoting responsible recycling when their time finally comes.
The second prong of this alliance has a tech-savvy appeal: smart charging and vehicle-to-grid functionalities. Imagine a world where your EV intuitively knows when to draw power from the grid at the cheapest rates and even returns power back when it’s most beneficial for you. This isn’t science fiction; it’s Honda’s proposed “Energy Management System.” With this, EV owners can expect noticeably reduced electricity bills, making EV ownership more pocket-friendly in the long run.
Meanwhile, in the U.S., Honda is prepping for the launch of its all-electric Prologue SUV next year. Yet, its global footprint is expanding, with other electric models like the Europe-bound e:Ny1 crossover and Japan’s recently launched N-Van e: commercial vehicle. With a planned investment of $40 billion through 2030, Honda is committed to making electric and hybrid vehicles up to 40% of its total sales by the end of the decade.
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