November 28, 2022

March 4, 2022, Tokyo, Japan – Sony Group Company (“Sony”) and Honda Motor Co., Ltd. (“Honda”) in the present day introduced that they’ve agreed to deepen dialogue and exploration of forming a strategic alliance that goals to create a brand new period of mobility and mobility companies. Particularly, the 2 corporations have signed a memorandum of understanding that outlines their intent to determine a three way partnership (“New Firm”) by way of which they plan to interact within the joint improvement and gross sales of excessive value-added battery electrical autos (EVs) and commercialize them together with offering mobility companies.

The 2 corporations will proceed with negotiations towards executing varied definitive binding agreements, together with a joint improvement settlement and a three way partnership settlement, with a objective of creating the New Firm inside 2022, topic to execution of the definitive agreements and related regulatory approvals.

This alliance goals to deliver collectively Honda’s mobility improvement capabilities, car physique manufacturing know-how and after-sales service administration expertise cultivated over a few years, with Sony’s experience within the improvement and software of imaging, sensing, telecommunication, community, and leisure applied sciences, to appreciate a brand new technology of mobility and companies which might be intently aligned with customers and the atmosphere, and proceed to evolve going ahead.

Gross sales of the primary EV mannequin from the New Firm are anticipated to start out in 2025. The New Firm is anticipated to plan, design, develop, and promote the EVs, however not personal and function manufacturing amenities, so Honda is anticipated to be chargeable for manufacturing the primary EV mannequin at its car manufacturing plant. It’s anticipated {that a} mobility service platform shall be developed by Sony and made out there for the New Firm. 

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