Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Honda, Sony Join Forces For EVs - Read More For Details

Sony Honda Company HMC NYSE Honda Motor Co Ltd Sony Group Corp
  • Honda Motor Co Ltd (NYSE:HMC) and Sony Group Corp (NYSE:SONY) have signed a joint venture agreement to establish a new company to engage in the sale of high-value-added electric vehicles.
  • Both Honda and Sony together will invest ¥10 billion in total. The investment ratio is 50% each.
  • The name of the new company is Sony Honda Mobility Inc.
  • In March, the companies signed a Memorandum of Understanding regarding this strategic alliance.
  • Sony and Honda plan to establish the new company within 2022 and begin selling EVs and providing mobility services in 2025.
  • Price Action: HMC shares are trading lower by 2.49% at $24.30 on the last check Thursday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
It’s With Love, Meghan – not just a TV show but a landmark piece of art. And not in a good way
A whole political and cultural era is passing, and who better than the Duchess of Sussex as a symbol of all we have left behind, says Guardian columnist Marina Hyde
The Guardian - UK
The Guardian - UK
Disney star offers apology after being slammed for touching rare Honu turtle in Hawaii
‘I was not fully aware of the situation until today, and I certainly wasn’t aware of the laws’, the actress told Hawaii wildlife authorities
The Independent UK
The Independent UK
What we’re reading: writers and readers on the books they enjoyed in February
Authors and Guardian readers discuss the titles they have read over the last month. Join the conversation in the comments
The Guardian - UK
The Guardian - UK
The overlooked bond: Why mental health professionals should ask questions about pets
Pets have become an integral part of people’s lives, with some having stronger bonds with their pets than with their siblings and other family members. Some feel more empathy toward animals than toward humans.
The Conversation
The Conversation
Why imported diets won’t fix America
From French portion control to Mediterranean meal plans, America loves to look abroad for nutrition answers
Salon
Salon
A simple illustrated guide to Ramadan, answers to 10 common questions
The ninth month of the Islamic calendar is special to Muslims around the world for its many unique blessings.
Al Jazeera
Al Jazeera
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play