Sales of electric vehicles and mobility services will begin in 2025.
Sony and Honda have named the company they plan to form for their joint electric vehicle partnership after announcing their intention to form one.
According to Sony, the new business will be called Sony Honda Mobility Inc. and will be established in Tokyo by the end of 2022, and electric vehicle sales will begin in 2025.
The two companies have equal ownership, with Honda executive Yasuhide Mizuno serving as chairman and CEO, and Sony executive Izumi Kawanishi as president and COO.
Sony previously announced that the partnership will tap into Honda's cutting-edge environment and energy technology, vehicle manufacturing, mobility development, and after-sales services.'
Sony will contribute 'imaging, sensing, telecommunication, network, and entertainment technologies.'
Honda is far behind rivals in electric car development, with its only offering being the Honda E - but it has recently accelerated its plans.
The company announced earlier this year it would partner with General Motors to develop a line of affordable electric vehicles based on its global architecture and Ultium batteries. We aim to have Honda and Acura SUVs available in North America by 2024.
Moreover, Honda announced last year that it would convert its entire line of vehicles to EVs and fuel-cell vehicles by 2040. As part of that, it is planning to invest $40 billion and launch 30 new electric vehicles by 2030.
The company has already shown a Vision-S EV and Vision-S 02 electric SUV, both of which are its own designs. While it's unclear how Sony Honda Mobility fits into all these plans, we should be learning more about it soon.
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