Sony Honda Mobility
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Sony and Honda partners to establish a new EV company, Sony Honda Mobility Inc.

Both companies will own a 50% share of Sony Honda Mobility Inc. and will start selling electric cars in 2025.

Sony Group Corporation and Honda Motor announced their joint venture agreement to establish a new electric vehicle company. The new company is named ”Sony Honda Mobility Inc.”

The new company will be established in Tokyo this year, and the sale of EVs will begin in 2025.

Each company will invest 5 billion Yen ($ 37.5 million) and own a 50% share of the new company.

With this joint venture, Honda will bring its expertise of developing and manufacturing automobiles, and Sony will aim to bring its expertise in the development and application of imaging, sensing, telecommunication, network, and entertainment technologies.

Mr. Yasuhide Mizuno will serve as the Chairman and CEO, and Izumi Kawanishi will be the President and COO of Sony Honda Mobility Inc.

Official Statements

Mr. Kenichiro Yoshida, CEO of Sony Group Corporation, said: Based on our vision to ‘make the mobility space an emotional one,’ Sony’s initiatives in the mobility business are centered around the three areas of safety, entertainment, and adaptability. As we continue our learnings in these areas, we are excited to have met a partner, Honda, with extensive global achievements and knowledge and to sign the joint venture agreement between the two companies.

Mr. Toshihiro Mibe, CEO of Honda Motor Co., Ltd, said: Honda continues to take on new challenges in the environmental, safety, and other advanced fields to be a driving force for social change through mobility and become the power that supports people around the world who are trying to do things based on their initiative. We are very pleased to have signed a joint venture agreement with Sony, which has strengths in advanced digital technology and shares our desire to take on new challenges. Since its announcement in March, many people have expressed their expectations for this joint venture. At the new company, we will strive to create new value through the fusion brought about by the combination of our different industries, so please look forward to future developments.

Also Read: Chinese company Jidu unveils the first Robot car- the ROBO-01.

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