Honda and Mitsubishi sign a MoU to explore new opportunities in the EV age

Honda and Mitsubishi announced the signing of a memorandum of understanding (MoU) to begin discussions toward the creation of new businesses with an aim of leveraging the strengths of both companies to build sustainable business models in light of anticipated growth in the electric vehicle (EV) market toward a decarbonized future society. The two companies will explore the possibility of new businesses with the goal of increasing the value offered to customers through their EV and EV battery business.

Battery Lifetime Management Business

This new business would aim to maximize the value of batteries to be installed in Honda mini-EV models, that are scheduled to begin sales in Japan in 2024. By employing a sophisticated battery-monitoring system, the new business would manage and maximize the value of each battery throughout its lifetime shifting from powering EVs to use as stationary energy storage.

Smart-charging and V2G2 Energy Management Business

This new business would help EV users to optimize their electricity costs by offering access to smart-charging, V2G services and green (renewable) power which leverages advanced control technologies for the energy management system.

Mitsubishi Motors heads to the Japan Mobility Show 20231 to premiere an electrified crossover MPV concept car that will awaken the adventurous spirit of drivers and expand their horizons. In addition, the company will debut the all-new Triton2 pickup truck in Japan, as well as display the Last 1-mile Mobility, a small mobility vehicle developed in collaboration with a start-up company. The electrified crossover MPV…

11 October 2023

Acura, a brand developed by Honda Motor Co., Ltd. in the United States, announced that the all-electric Acura ZDX and the Acura ZDX Type S SUVs will be unveiled to the world on August 17 during Monterey Car Week. Both are scheduled to go on sale in early 2024 and will feature smartly integrated and intuitive technologies as standard, including Google integration, a first for Acura with the latest apps and services…

10 August 2023

Vitesco Technologies is delivering its integrated axle drive EMR3 (3rd generation, Electronics Motor Reducer) to Honda for its new B-segment all-electric SUV. In Europe this vehicle, based on Honda’s new e:N Architecture F, will be marketed under the name Honda e:Ny1. The E-drive is a 3-in1-unit integrating power electronics, electric motor, and reducer. It is the third generation of Vitesco Technologies’ integrated…

2 August 2023

The fully electric Honda e:Ny1 is a dynamic, stylish, and highly practical B-segment SUV aimed at younger buyers. It is the brand’s second fully electric vehicle (EV) for Europe. The model is available in two trim levels: Honda e:Ny1 Elegance – specifications Honda e:Ny1 Advance – specifications The e:Ny1 uses Honda’s newly-developed e:N Architecture F high-performance front-motor-driven platform, which will be used…

31 July 2023

The first volume EV from Honda, the all-new 2024 Honda Prologue SUV, will offer customers the latest digital services technology and features, with wireless Google1 built-in, and wireless Apple CarPlay and Android Auto compatibility. The all-electric Honda Prologue will go on sale in early 2024. For seamless on-the-go digital services, the 2024 Honda Prologue will be the first Honda SUV to come with Google built-in…

21 June 2023

LG Energy Solution and Honda marked another major milestone of construction for its new joint venture EV battery facility this week when the first steel beam was installed at the plant site in Jeffersonville, Ohio. The companies have committed to invest $3.5 billion, with plans to create 2,200 jobs, in the over 2 million square feet facility, with an overall investment projected to reach $4.4 billion. The new joint…

21 June 2023

Honda has announced its ambition to dramatically scale up its smart vehicle charging service, e:PROGRESS, during the brand’s media event in Offenbach, Germany. The brand confirmed that e:PROGRESS will be available for future owners of the all-new e:Ny1 full EV and CR-V e:PHEV plug-in hybrid. Within the next 12 months, the service will be offered in more European markets and then Honda will plan to expand the service…

12 May 2023

Honda e:Ny1 is the next all-electric vehicle by the brand. It was unveiled at Honda’s European Media Event in Offenbach, Germany. It is the brand’s second pure EV to arrive in the region, following on from the widely acclaimed Honda e city car, and is designed to meet the growing customer demand for all-electric B-segment SUVs. Offering a fresh, distinctive design and the latest advanced technology, the e:Ny1…

12 May 2023

At the end of January earlier this year, Honda and GS Yuasa announced that they have begun discussions with the aim of establishing a joint venture to meet the rapidly expanding demand for lithium-ion batteries by the end of 2023. The goal was to establish a JV by the end of the year. Today, Honda and GS Yuasa announced that they have signed the JV agreement. The new company is named “Honda GS Yuasa EV Battery R&D…

11 May 2023

Honda China showcased three concept battery electric vehicles at Auto Shanghai. These are the Honda e:NP2, Honda e:NS2, and the Honda e:N SUV. The production versions of these vehicles will debut in China next year and will be joined by six other EVs by 2027. The goal of Honda China is to sell only BEVs in the local market by 2035. While there are no specific details about the concepts, it is known that the Honda…

18 April 2023

POSCO Holdings Inc. and Honda Motor Co., Ltd. announced that they have begun exploring a comprehensive partnership toward the realization of carbon neutrality. The two companies reached this agreement based on their belief that it is necessary for the two companies to leverage the strengths of each company, such as environmental and electrification technologies, and explore future collaboration to further accelerate…

13 April 2023

Honda today announced key next steps in the establishment of its EV Hub in Ohio, USA. The Marysville Auto Plant (MAP), where Honda began auto production in America in 1982, will be Honda’s first auto plant in the U.S. to transition to making EVs. It will be transformed together with the East Liberty Auto Plant (ELP) and Anna Engine Plant (AEP) to build Honda’s EV Hub in North America. Each Honda auto production…

14 March 2023

Mitshubishi has announced its mid-term business plan dubbed “Challenge 2025”. It is part of its long-term road map, which includes leaving out ICE vehicles by 2030 and producing mainly BEVs by 2035. The “Challenge 2025” plan is focused on expanding the product mix of the brand with HEV, PHEV, and BEV models. Over the next five years, Mitshubishi will roll out 16 models. Of those, 9 will be xEV models. The BEVs will…

11 March 2023

Honda and LG Energy Solution today held the official groundbreaking ceremony for a new joint venture EV battery plant over 2 million square feet in size, to be located in Fayette County, near Jeffersonville, Ohio. The two companies have committed to invest $3.5 billion in the new joint venture (JV) facility, with their overall investment projected to reach $4.4 billion. The facility is scheduled to be completed by…

1 March 2023