Honda and Mitsubishi Corp. to reuse EV batteries in electric grid

Joint venture to lower cost of driving electric cars by extending battery life

20240614 Honda battery Mitsubishi

Honda will launch a commercial minivan electric vehicle, N-VAN e:, in October. (Photo by Shoya Okinaga)

SHIN WATANABE, Nikkei staff writer

TOKYO -- Honda Motor and Mitsubishi Corp. will establish a new company in July that will give a second life to used electric vehicle batteries in Japan, thus reducing the cost of driving an EV.

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