Honda, Sony partner to sell electric cars in 2025

The two companies will each invest 5 billion yen, or $37.52 million, as part of the joint venture

Updated - June 17, 2022 04:38 pm IST

Published - June 17, 2022 02:39 pm IST

Honda, Sony partner to sell electric cars in 2025

Honda, Sony partner to sell electric cars in 2025 | Photo Credit: AP

Carmaker Honda Motor and tech major Sony have partnered to sell electric vehicles in 2025. 

As part of this partnership, the two companies will each invest 5 billion yen, ($37.52 million). This decision comes after the two Japanese firms announced in March they would build and sell EVs.

Honda and Sony’s new company, Sony Honda Mobility Inc., will be established this year as a follow up to this joint effort. 

Honda will provide “environmental and safety technologies,” as well as car building expertise, while Sony will support “imaging, sensing, telecommunication, network and entertainment technologies,” according to the joint statement.

The announcement comes amid international supply chain challenges, sky rocketing fuel costs, and a global chip shortage. Central banks around the world are also hiking key interest rates. 

On June 17, Honda shares dipped by 2.81% while Sony shares fell by 0.31%.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.