The announcement of the planned tie-up comes less than two months after Sony announced the formation of a new firm to “explore entry” into the electric vehicle sector. The new corporation is planned to launch later this year, with the first EV expected to hit the market in 2025. Honda has agreed to build the first electric vehicle at its plant, while Sony has agreed to design the new company’s mobility service platform. “By taking a broad and ambitious approach to producing value that exceeds the aspirations and imagination of customers, the new firm will aspire to be at the forefront of innovation, evolution, and growth of mobility around the world,” stated Honda CEO Toshihiro Mibe.
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