Honda pivots from EV batteries to energy storage for data centers
By
Tim De Chant
Summary
Honda has begun producing batteries for energy storage systems destined for data centers, marking a strategic pivot away from its canceled U.S. EV programs. The batteries, originally intended for electric vehicles at a joint venture factory in Ohio with LG Energy Solution, will now be used in the energy storage market instead. This shift comes as U.S. EV demand remains soft, and positions Honda to capitalize on the growing energy needs of data centers.
Source
bskyHonda pivots from EV batteries to energy storage for data centerstechcrunch.comKey quotes
· 3 pulledHonda this week began production of batteries destined for energy storage systems, according to a report from Nikkei Asia.
The milestone makes Honda the latest car company to dive into the red-hot energy market.
Now, those cells are headed to data centers instead of driveways.
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