Sony and Honda have signed a “memorandum of understanding”, which would see the two Japanese giants form a new company to build battery electric vehicles together.
The new company will be formed in 2022 and the first cars to come out of it are expected in 2025.
Sony would supply the mobility service platform, and Honda will supply the manufacturing facilities. Their joint venture will be in charge of planning, development, design and selling the EVs.
You can find further details at ArenaEV.com.