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Sony, Honda to form new company to develop and sell electric vehicles

Honda will be responsible for manufacturing the first model, while Sony will develop the mobility service platform.

Published - March 07, 2022 03:14 pm IST

Reuters
Sony Corp’s Vision-S Prototype vehicle is displayed at its headquarters in Tokyo, Japan

Sony Corp’s Vision-S Prototype vehicle is displayed at its headquarters in Tokyo, Japan | Photo Credit: Reuters

Japan's manufacturing giants Honda Motor Co Ltd and Sony Group Corp said on Friday they have agreed to join hands to develop and sell battery electric vehicles.

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The two companies said in a statement they would form a joint venture to develop and sell the electric vehicles this year and aim to begin selling the first model in 2025.

Global EV sales surge 109%, China dominates: report

Honda will be responsible for manufacturing the first model, while Sony will develop the mobility service platform, they said.

Published - March 07, 2022 03:14 pm IST

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