{"id":80069,"date":"2023-10-16T01:00:37","date_gmt":"2023-10-16T01:00:37","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/10\/16\/honda-and-mitsubishi-are-joining-forces-to-set-up-ev-battery-focused-segments\/"},"modified":"2023-10-16T01:00:37","modified_gmt":"2023-10-16T01:00:37","slug":"honda-and-mitsubishi-are-joining-forces-to-set-up-ev-battery-focused-segments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/10\/16\/honda-and-mitsubishi-are-joining-forces-to-set-up-ev-battery-focused-segments\/","title":{"rendered":"Honda and Mitsubishi are joining forces to set up EV battery-focused segments"},"content":{"rendered":"

Honda, Mitsubishi<\/strong> to set up EV battery-focused businesses: <\/strong>Japanese carmaker Honda and trading company Mitsubishi Corporation have signed an MoU to explore setting up new businesses focusing on optimizing the use of EV batteries, a joint statement<\/a> read on Thursday. Under the MoU, the two companies will explore setting up a business to monitor the usage of batteries installed in Honda mini-EV models that are set to begin sales in Japan next year. It said the new business would \u201cmanage and maximize the value of each battery throughout its lifetime shifting from powering EVs to use as stationary energy storage,\u201d according to the statement. A second business would help EV users optimize electricity costs by providing access to smart-charging, the statement said.<\/p>\n

Japan launched its first carbon-credit exchange as it aims to become carbon neutral by <\/strong>2050<\/strong>, Bloomberg<\/a> reported on Wednesday. The new exchange allows participants to trade the local J-Credits in six categories, including renewable energy and agriculture. The renewable energy category was the most active J-Credit on the first day of trading, with c. 3k tons of emissions traded in the afternoon session at JPY 3.06k (c. USD 20.58) per ton, according to the exchange. \u201cThrough carbon credit trading, carbon emissions reduction can be priced, thereby improving the predictability of decarbonization investment and encouraging companies to implement them,\u201d Japanese Trade Minister Yasutoshi Nishimura said.<\/p>\n

REMEMBER- Other Asian countries want to get rolling on pricing pollution:<\/strong> Last month, Indonesia kicked off<\/a> its first voluntary carbon credits market as part of state plans to become carbon-neutral by 2060 and become a major global carbon allowances trading hub.<\/p>\n

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n