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

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