Honda, Mitsubishi Corp sign pact to optimise use of EV batteries

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Honda, Mitsubishi Corp sign pact to optimise use of EV batteries
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Honda, Mitsubishi Corp sign pact to optimise use of EV batteries

© Reuters. FILE PHOTO: Honda's electric vehicle e:NP2 is displayed at the Auto Shanghai show, in Shanghai, China April 18, 2023. REUTERS/Aly Song/File Photo) Motor and trading house Mitsubishi Corp have signed a pact to explore new businesses using electric vehicle batteries, the companies said on Thursday.

"Honda will not only sell EVs, but take a proactive approach to energy management, where EV batteries will be utilised as an energy source," its chief executive, Toshihiro Mibe, said in a statement.

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