|Utilization of used lithium-ion batteries from electric-powered vehicles|
TOKYO, July 10, 2015 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC) and Mitsubishi Corporation (MC) are pleased to announce the launch of a joint demonstration project for utilizing used lithium-ion batteries from electric-powered vehicles. The project will be executed in partnership with Electricite de France (EDF), Forsee Power, a key provider of energy storage solutions sponsored by EDF, and PSA Peugeot Citroen. The demonstration project will be inaugurated in September 2015 at Forsee Power's new Headquarters near Paris (France).
| Joint Japan-France Demonstration of Energy Storage System Project|
The purpose of the project is to demonstrate efficient and economically feasible energy management practices based on the optimization of electricity storage, charging and generation technology with respect to existing demand.
The System includes the following:
- High voltage (330 volts) Energy Storage System made from Peugeot iOn, Citroen C-Zero and Mitsubishi Motors i-MiEV used automotive battery packs
- Low voltage (48 Volts) Energy Storage System use of new automotive batteries
- Bi-directional battery energy consumption optimization (car to building and building to car)
Especially in Japan and France where the electric-powered vehicles are becoming popular, the utilization of used lithium-ion batteries is an important factor towards the realization of a sustainable society.
The related parties aim to establish a realistic and economically viable business model combining track record in electric-powered vehicle sales (MMC, PSA Peugeot Citroen), technical capability in Energy Storage Systems (Forsee Power) and business know-how in the electric power industry (EDF, MC).
The related companies will consider establishing a new business model with energy storage systems utilizing such used batteries in the European market including France.
About Mitsubishi Motors
MITSUBISHI MOTORS CORPORATION is a global automobile company based in Tokyo, Japan, which has a competitive edge in SUVs and pickup trucks, electric and plug-in hybrid electric vehicles. Since the Mitsubishi group produced its first car more than a century ago, we have demonstrated an ambitious and often disruptive approach, developing new vehicle genres and pioneering cutting-edge technologies. Deeply rooted in MITSUBISHI MOTORS' DNA, our brand strategy will appeal to ambitious drivers, willing to challenge conventional wisdom and ready to embrace change. Consistent with this mindset, MITSUBISHI MOTORS introduced its new brand strategy in 2017, expressed in its "Drive your Ambition" tagline -- a combination of personal drive and forward attitude, and a reflection of the constant dialogue between the brand and its customers. Today MITSUBISHI MOTORS is committed to continuous investment in innovative new technologies, attractive design and product development, bringing exciting and authentic new vehicles to customers around the world.
Public Relations Department
Source: Mitsubishi Motors
Topic: Press release summary
Sectors: Automotive, Engineering
From the Asia Corporate News Network
Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.