TOKYO -- Honda Motor will create a utility business by connecting electric vehicles to the grid and using them for the supply and storage of electricity in partnership with the trading house Mitsubishi Corp., Nikkei has learned.
Energy
Honda, Mitsubishi to launch electricity grid using EVs
Automaker envisages using EVs to supply and store power
Honda and trading house Mitsubishi Corp. plan to enter a joint venture in 2024 that will plug electric vehicles into the main grid to help with power fluctuations caused by renewables. (NIKKEI montage/Source photos by Getty and Hiroki Endo)
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