Honda and Sony announced the name of the company they will establish for the production of electric vehicles. It was also reported that 10 billion yen (around $74 million) will be invested in this venture.
To create a more sustainable future due to reasons such as climate change electric vehicles its importance is increasing day by day. For this reason, many automobile manufacturers increase the production of such vehicles and state that they plan to abandon internal combustion engine vehicles in the future.
It is also possible to say that partnerships between these companies continue. As we shared with you, Japan-based Sony, which continues its moves on electric vehicles, decided to establish a partnership with the automobile giant Honda. Within the scope of this partnership, it was stated that the two companies would produce electric cars together. Now, there have been new developments in this regard.
74 million dollars will be invested for the partnership
Sony and Honda will jointly create ‘Sony Honda Mobility Inc.for the electric vehicle company named ‘ 10 billion yen (74 million 83 thousand 950 dollars) announced that it will invest. It was stated that Tokyo-based Honda will benefit from Sony’s experience in technologies such as imaging, telecommunications, networking and entertainment.
In addition, the company’s board of directors has already been formed and its CEO is Yasuhide Mizuno will be stated. Senior executives of both companies expressed their excitement about the partnership in their statements.
Sony CEO Kenichiro Yoshida stated that the new brand will focus on safety, entertainment and adaptability, while Honda CEO Toshihiro Mibe has similar thoughts, stating that the two brands will be focused on safety, entertainment and adaptability. will complement each other and that they will bring innovations to the sector. Mibe also pointed out that Honda will continue to produce its own vehicles separately.
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There are not many details yet about the vehicles that will be developed in partnership with Honda and Sony. However, the news came that the first electric car was announced as part of the cooperation. 2025 It shows that there is a possibility that it will come in the year.
Source :
https://www.teslarati.com/sony-and-honda-invest-10-billion-yen-into-new-joint-venture/