Sony Ord Stock News

Sony is teaming up with automaker Honda to start a new company that will develop and sell electric vehicles, as the Japanese tech and electronics giant leaps into the rapidly growing sector.

Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks

It's going to get rockier as a second split between East and West is being created.

Sony (NYSE: SONY) and Honda (OTC: HNDAF) are establishing a joint venture through which they plan to engage in the joint development and sales of high value-added battery electric vehicles (EVs). Thes

Popular tech companies Sony and Honda are partnering to build an electric car that would be launched in 2025.

Two of Japan''s biggest names in business are teaming up.

Sony Group Corporation (“Sony”) and Honda Motor Co., Ltd. (“Honda”) announced that they have agreed to deepen discussion and exploration of forming a strategic alliance that aims to create a new era of mobility and mobility services. Specifically, the two companies have signed a memorandum of understanding that outlines their intent to establish a joint […] The post Sony and Honda Sign Memorandum of Understanding For Strategic Alliance In Mobility Field appeared first on AiThority .

Honda and Sony are forming a joint venture to build electric cars together. The first vehicle is scheduled to be launched in 2025.

Sony and Honda have signed a memorandum of understanding to design and market electric vehicles together, the companies announced. The deal isn''t final, but the aim is to establish a joint venture this year and start selling vehicles by 2025. Honda would design, manufacture and market the first model, with Sony creating the mobility service platform. The idea is to marry Honda''s car building and sales chops with Sony''s infotainment, mobile and image sensor expertise. "Although Sony and Honda are companies that share many historical and cultural similarities, our areas of technological expertise are very different," said Honda CEO Toshihiro Mibe. "Therefore, I believe this alliance which brings together the strengths of our two companies offers great possibilities for the future of mobility." For Honda, the joint venture might help it achieve its goal of shifting its entire lineup to EVs by 2040. As it stands now, the company has one of the sparsest EV lineups of any automaker, with its only true EV sold in the west being the nichey, Europe-only Honda E .

Sony`s Chief Executive Kenichiro Yoshida announced in January a plan to create a new company, Sony Mobility, saying it was exploring a commercial launch of electric vehicles.

The aim is to bring the product to the market by 2025.

Japan''s Sony Corp and Honda Motor Co Ltd said on Friday they would pair up to develop and sell battery-powered electric vehicles, as the electronics maker furthers its ambitions to become a key player in next-generation automobiles.

Sony and Honda form a joint venture to develop smart electric vehicles. Investors yawn.