Honda, Mitsubishi form ALTNA company to assist in more efficient EV battery management
A few weeks ago, Honda Motor Company and Mitsubishi Corporation announced the establishment of a new 50:50 joint venture company named ALTNA in Japan.
The primary goal of this new company is to help optimize the costs of electric vehicle (EV) usage, enhance battery life value, and circulation of resources in Japan, as well as to support the increasing demand for energy through the use of grid storage batteries.
ALTNA is set to introduce three main businesses in the future, namely EV battery leasing, battery recycling, and smart charging plans.
ALTNA will begin offering EV battery leasing plans through the Honda N-VAN e: model, where they will completely manage the leased battery ownership process and monitor usage levels throughout the lease period.
The data collected will be utilized for the purpose of improving reliability levels measured through various parameters.
Once these batteries reach the end of their lifecycle, they will be repurposed as grid storage batteries. ALTNA will also ensure that these batteries are recycled following correct procedures.
Through the smart charging business, ALTNA will offer plans that help users avoid peak charging times, thus reducing costs overall.
Furthermore, ALTNA’s charging plans will prioritize the use of renewable green energy for EV charging if there is surplus energy available on the power grid.