Business Standard

Monday, December 23, 2024 | 03:24 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Sony, Honda Motor team up to develop and sell electric vehicles

Honda will be responsible for manufacturing the first model, while Sony will develop the mobility service platform

electric vehicles
Premium

The two firms would form a joint venture this year; they aim to begin selling the first model in 2025 Photo: Reuters

Reuters Tokyo
Japan’s Sony and Honda Motor said on Friday they would pair up to develop and sell battery-powered electric vehicles, and said they were open to bringing in other partners. The companies said in a statement they would form a joint venture this year and aim to begin selling the first model in 2025. 

Honda will be responsible for manufacturing the first model, while Sony will develop the mobility service platform, they said.

“In the joint venture, we would like to lead the mobility evolution by combining our technology and experience with Honda's long experience in mobility development and vehicle body manufacturing technologies,”

Disclaimer: No Business Standard Journalist was involved in creation of this content

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in