Honda And Mitsubishi To Repurpose EV Batteries For Storage S...... Oct 13, 2023...gffa...carscoops..
Honda and Mitsubishi have signed a memorandum of understanding that will see the two automakers work to build businesses that use the batteries of electric vehicles.
Initially, the new business will utilize the batteries to be used by mini-EV models from Honda set to go on sale in Japan in 2024. This business aims to manage and maximize “the value of each battery throughout its lifetime shifting from powering EVs to use as stationary energy storage.” Put more simply, Honda and Toyota want to repurpose batteries from EVs and use them for energy storage systems.
“Preparing for the era of full-fledged popularization of EVs, Honda will not only sell EVs, but take a proactive approach to energy management, where EV batteries will be utilized as an energy source, and we are also focusing on resource circulation, including the reuse and repurposing of EV batteries, which contain various rare resources,” Hond