Two industry heavyweights, one a carmaker and the other a tech company have collaborated to create a new company to produce electric vehicles. Honda and Sony announced earlier this month that they formed Sony Honda Mobility Inc. with plans to start EV sales and mobility services from 2025.
In a joint statement, company executives stated that while details of the partnership were still under negotiation, the new company would be created inside of a year. Each company will invest ¥5 billion ($37 million) in the venture. Yasuhide Mizuno, a senior Honda executive, will serve as chairman and CEO, while Izumi Kawanishi, an executive vice president at Sony,
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