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Honda and Sony join hands to develop electric cars
What a Car Prices in Pakistan

Big Automaker Honda and Sony will Develop Electric Cars

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Big Automaker Honda and Sony will Develop Electric Cars

Big Automaker Honda and Sony will Develop Electric Cars. Sony and Honda have established a joint venture to develop electric cars. After the announcement of a joint venture (JV) previously in June 2022, Sony Honda Mobility (SHM) has now been formally established to develop electric cars.

The new company has disclosed its production location and timeline, starting with pre-orders in 2025.

Big Automaker Honda and Sony will Develop Electric Cars.

About Sony Honda Mobility (SHM)

Chairman and CEO Yasuhide Mizuno (from Honda) and president and COO Izumi Kawanishi (from Sony), announced the formal establishment. Let us discuss about this new joint venture in auto industry:

  • The company is based in Tokyo, Japan.
  • Owned equally by the two partners
  • Initial capital is 10 billion yen (about 70 million euros)
  • Pre-orders for the first electric car scheduled for the first half of 2025
  • Deliveries already scheduled to start in the United States in the spring of 2026, followed by Japan in the second half of 2026.
See also  State Bank of Pakistan tightened the rules and regulations of auto financing

What Auto Joint Venture will Deliver?

This joint venture of developing electric cars expected that it:

  • will develop an electric car or SUV
  • will provide Electric car related products and services also
  • will feature for Autonomy, Augmentation, and Affinity
  • Sony has been working on sensor technologies that will surpass the human eye – important for autonomous driving
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