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Sony teams up with Honda to make electric vehicles
Baku, March 4, AZERTAC
Sony Group Corp. and Honda Motor Co. are joining forces to develop electric vehicles, seeking to marry their strengths as the cars of the future become more technology-driven and interconnected, according to Bloomberg.
The partners plan to start a new company together this year, with vehicle sales scheduled to start in 2025, according to a statement Friday. They didn’t disclose a value for the pact.
The Japanese duo enters a crowded field that includes companies from Tesla Inc. and Volkswagen AG to tech behemoths such as China’s Xiaomi Corp. and Taiwan’s Foxconn Technology Group. Sony, which announced its EV ambitions in January, gains access to Honda’s decades-long expertise in car manufacturing, sales and servicing, while Honda can tap its partner’s knowledge in entertainment, networking and sensors for autonomous vehicles.
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