Toyota Motor Corporation (NYSE:
TM) is
one of the best very cheap stocks to buy according to hedge funds. On August 21, Toyota and Mazda Motor Corporation began field tests of an energy storage system that uses batteries from electrified vehicles. The companies jointly launched the field tests at Mazda’s Hiroshima Plant in Japan.
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The test centers on Toyota’s Sweep Energy Storage System. This system integrates batteries from electrified vehicles, even those with varying capacities or degrees of degradation, to regulate electricity supply and demand.
This feature enables the system to utilize a range of battery types, chemistries, and states of health simultaneously without requiring new, expensive control units. The system can also reuse the original inverters from the donor vehicles.
Toyota Motor Corporation (NYSE:TM) is a Japanese multinational automotive manufacturer. It designs, manufactures, and sells passenger cars, trucks, buses, and hybrid and electric vehicles under the brands Toyota, Lexus, Daihatsu, and Hino. The company operates a global production and distribution network, maintaining a strong market share across Asia, Europe, and North America.
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Disclosure: None. This article is originally published at
Insider Monkey.
