The Volkswagen subsidiary and e-mobility solutions firm is investing in stationary battery storage systems to supply its customers and ease grid pressure.
The new entity, called Volvo Cars Energy Solutions, will offer energy storage and charging-related technologies and services.
The new Rimac Energy brand will apply Rimac's expertise into developing energy storage systems for commercial and industrial applications.
Hyundai is launching Hyundai Home in 16 states in the U.S.A., bringing solar, energy storage and EV charging to Hyundai customers in one combined solution.
Kia Europe has partnered with Deutsche Bahn to create second life battery energy storage systems, which see former Kia batteries dismantled and reassembled.
The energy storage units are charged by solar power and have a 125kWh capacity, allowing them to supply power were access to a mains supply is difficult.
A rooftop photovoltaic system and a battery energy storage system will reduce the carbon dioxide emissions of the Okazaki plant by 1,600 tonnes per year.
Volvo has developed a lightweight structural energy storage components that could improve the energy usage of future electric vehicles.
Volkswagen Group have entered into a dynamic partnership with Sanyo