Sony, Honda to join hands in EV business as demand grows

Economy

Sony Group Corp. and Honda Motor Co. said Friday they have agreed on a tie-up in the electric vehicle business as demand for eco-friendly battery-driven cars is increasing worldwide. The companies will set up a joint venture later this year and start selling EVs in 2025. The vehicles will be initially manufactured at a Honda factory, they said. The new company will tap on Sony's knowhow on sensors and communication while Honda will be in charge of car development and manufacturing.

Kyodo News

Kyodo News