Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report 
SpaceX, Charter Communications Explore Mobile Partnership to Expand Starlink Wireless Service 
China Manufacturing PMI Edges Higher in June as Exports and AI Investment Boost Growth 
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices 
Kioxia Targets U.S. Listing as AI Chip Boom Accelerates 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business 
Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast 
Apple Challenges India Antitrust Probe, Says CCI Copied Rivals’ Claims in App Store Case 
Firmus Partners With Nvidia to Deliver 170,000 AI GPUs in $30 Billion Cloud Infrastructure Deal 
Super Micro Shares Slide After Taiwan Raids Over Alleged Nvidia AI Chip Smuggling Probe 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
Momenta Launches Hong Kong IPO to Raise Up to $751 Million for AI and Robotaxi Expansion 
Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes 
China Eastern Orders 25 Airbus A330neo Jets in $9.35 Billion Deal to Boost International Expansion 
Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Ford Motor, BMW Group, and Honda Motor have forged a joint venture to pioneer electric vehicle grid services in North America. This initiative aims to interconnect power companies and vehicle manufacturers, ensuring an optimized charging experience for EV drivers. All three automakers will possess an equal stake in this endeavor, which seeks to promote smart vehicle-to-grid services, enhancing grid stability and leveraging renewable energy sources.
According to Nikkei Asia, BMW, Ford, and Honda are establishing a firm called "ChargeScape." The three partners expect their JV to start operations within the first half of 2024 but noted that the launch still requires regulatory approvals.
They plan to develop a platform where utility service providers, electric vehicle drivers, and automakers in the United States and Canada can share and exchange information on charging activity. Then, drivers can use the data collected to plan the best times for charging their vehicles.
This will also allow power companies to make adjustments to energy output to make sure there will be a stable power supply. The trio's "ChargeScape" platform may also be used in vehicle-to-grid (V2G) applications later on, where EVs will be used as storage batteries feeding the grid.
"Electric grid reliability and sustainability are the foundation for an EV-powered future," BMW of North America, LLC's vice president of engineering unit, Thomas Ruemenapp, said in a press release. "'ChargeScape' aims to accelerate the expansion of smart charging and vehicle-to-everything solutions all over the country while increasing customer benefits, supporting the stability of the grid, and helping to maximize renewable energy usage. We're proud to be a founding member of 'ChargeScape' and are looking forward to the opportunities this collaboration will create."
Ford's global head of charging and energy, Bill Crider, added, "'ChargeScape' will help accelerate the true potential of the EV revolution by providing significant benefits to both utilities and EV customers through smart vehicle-to-grid services."
Photo by: Honda Media Room
