The two entities signed a memorandum of understanding yesterday to start discussions for creating two new business models that will primarily be useful for Japanese EV owners. The first model, called Battery Lifetime Management, will deploy a battery-monitoring system in Honda’s upcoming mini-EVs that are scheduled to go on sale in Japan next year.
Through a so-called Energy Management System, the car’s high-voltage battery will be automatically charged when the energy from the grid is the most affordable, and power from the battery will be sent back to the grid when it’s most convenient for the EV owner, leading to lower electricity bills at the end of the month.
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