Sony and Honda have officially announced their joint venture to collaborate together on electric vehicles.
The new joint venture company called Sony Honda Mobility Inc will be based in Tokyo and set to be up and running by the end of 2022.
This isn’t the first EV that Honda has in the works, the company previously announced the Prologue electric SUV which will use GM’s Ultium EV platform and launch in 2024.
Meanwhile Sony has previously unveiled its Vision-S concept vehicles as a way of showing their interest in the EV space.
The new company will bring together Honda’s environmental and safety technologies, mobility development, vehicle body manufacturing tech with Sony’s “development and application of imaging, sensing, telecommunication, network and entertainment technologies, to realize a new generation of mobility.”
“Based on our vision to ‘make the mobility space an emotional one,’ Sony’s initiatives in the mobility business are centered around the three areas of safety, entertainment and adaptability. As we continue our learnings in these areas, we are excited to have met a partner, Honda, with extensive global achievements and knowledge, and to sign the joint venture agreement between the two companies. Going forward, we aim to contribute to the evolution of mobility by combining Honda’s cutting-edge environmental and safety technologies, mobility development capabilities, vehicle body manufacturing technology and after-sales service management experience, with our expertise in imaging, sensing, telecommunication, network and entertainment technologies,” said Kenichiro Yoshida, Representative Corporate Executive Officer, Chairman, President and CEO, Sony Group Corporation.
Both companies will have a equal 50% stake in the company with Honda’s Yasuhide Mizuno being appointed chairman and CEO and Sony’s Izumi Kawanishi as president and COO.
“We are very pleased to sign this joint venture agreement, which represents the start line from which we embark on the major challenge of revolutionizing mobility and creating new value. We plan to fully leverage the technological assets the two companies possess in different fields, such as Sony’s sensing technology and Honda’s original mobility development capabilities, to realize mobility and services that inspire and excite our customers. By bringing together the expertise of both companies, we aim to lead the way in a new era,” says Yasuhide Mizuno, Representative Director, Chairman and CEO of Sony Honda Mobility Inc. (Planned) and Senior Managing Officer of Honda Motor Co., Ltd.
The first electric vehicles developed by Sony Honda Mobility Inc are set to go on sale in 2025.