Honda and Mitsubishi Join Forces to Bring More Value to EV Ownership in Japan

Anubhav — Fri, 13 Oct 2023 14:50:19 +0000

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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Mitsubishi’s Pajero manufacturing facility to start producing toilet paper instead

Jed John Ikoba — Fri, 25 Mar 2022 19:18:17 +0000

In the aftermath of the end of car production activities in its Sakahogi, Japan plant, Mitsubishi Motors has inked a deal to sell the facility to a paper manufacturing company. This is the culmination of a chain of events that was signposted by the company’s decision to axe the Pajero from its production line last year. Retail sales have been below expected and the Pajero had been last redesigned more than 15 years back.

The loss of the plant was therefore inevitable for the Japanese automaker, and the current deal to sell the facility to Daio Paper was aimed to retain some jobs within the local economy. The deal is worth 4 billion yen ($33 million) and will see the new owners retooling the facility to produce paper products like tissue and toilet paper. The plant’s location in central Japan will offer Daio the flexibility to effectively supply Tokyo and Greater Osaka regions, which are major economic centers in the country. Daio holds a 30% share of the facial and toilet tissue market in Japan, and the new facility could see it expanding its reach.

There are mixed opinions relating to the future of the Pajero – an SUV with a rich history in Japan and across the world. The Australian market got the last glimpse of the SUV when the Final Edition of the model was presented in 2021. Up to 800 units were delivered at the time. There is also the talk of a possible collaboration between Mitsubishi and Nissan with the next-generation model underpinned by previous models. It is also rumored to come with a redesign by 2924 at the earliest.

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Mitsubishi Archives - Gizmochina

Honda and Mitsubishi Join Forces to Bring More Value to EV Ownership in Japan

Honda is introducing Battery Lifetime Management to their upcoming EVs

Mitsubishi’s Pajero manufacturing facility to start producing toilet paper instead