Sony Group Corporation and Honda Motor Company said they would create a joint venture to bring the EV business to the world.
As of the moment, the partnership has been named Sony Honda Mobility Inc. According to the reports, its headquarters will be initially built in Tokyo, Japan, before 2023.
The separate firm expects to roll out its first EV sales by 2025, as per the company's release.
Sony Honda Mobility
(Photo : emrecan arık from Unsplash)
Sony Honda Mobility is now an official EV business firm separate from the two main companies. Here's what you need to know about this partnership.
Back in March, Sony and Honda announced that they were planning to establish a partnership that would be focused on delivering next-gen electric vehicles to the auto markets.
At the time, the two firms decided to split the venture with a 50:50 percent share. Back then, it was only called the "New Company," but now the official brand name of the partnership is now identified.
According to a report by Engadget on Thursday, June 16, Sony Honda Mobility is preparing to roll out EV sales in 2025. At this time, the company will also introduce mobility services to the customers.
Although the press release mentioned that the firm would be constructed in Tokyo before the year's end, it's unclear what particular assignments they will do.
So far, we know that Sony Honda Mobility will focus on bringing "cutting-edge environmental and safety technologies, mobility development capabilities, vehicle body manufacturing technology, and after-sales service management experience."
Related Article: Sony x Honda Partnership To Produce Electric Vehicles! New EVs With Advanced Camera Sensors To Arrive by 2025
Mobility and Services For EVs
As electric vehicles evolve, there's a need to add upgrades so they can keep up with the market. According to Sony, the new firm will deliver a lot of mobility and services to the users. The improvement will be for telecommunication, imaging, entertainment, and sense.
It should be noted that Sony Honda Mobility aims to stand out in the market by delivering the "high-value-added electric vehicles."
Meanwhile, Honda has already inked another EV agreement with General Motors. The game-breaking EV platform called Ultium will be a part of the deal, per Motor1.
Furthermore, Honda aims to achieve its goals of increasing the sales of its electric vehicles by up to 40%. The company wants to improve its global annual deliveries as well by the end of 2023.
About this, the Japanese automaker will need to hit an 89% growth in the number of EV production in 2035. In the next five years, it will reportedly go all-EV.
This plan will be made possible thanks to the e: Architecture which will be incorporated into the electric cars in the United States.
Meanwhile, Tech Times reported that Ford has recently recalled Mustang Mach-E EV units because of a potential problem that took place in its battery. The issue could result in the malfunction of the vehicle.
Read Also: Tesla Increases EV Prices in the US Again as High as $6,000! Model Y, X, 3 Included?
This article is owned by Tech Times
Written by Joseph Henry
