Honda & Sony want EV partnership to be an independent company
According to Sony President and CEO Kenichiro Yoshida, Honda and Sony want their EV partnership to be a separate business rather than be under the Sony or Honda corporate umbrella.
Sony and Honda want to make their EV partnership a standalone business
"We shared the view that it is better to make the joint venture independent, in the long run, rather than putting it under Sony or Honda," Sony President and CEO Kenichiro Yoshida said.
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Sony and Honda recently announced plans to build EVs together, with Honda focusing on the manufacturing and Sony creating the mobility service platform. Now, it looks like the companies plan to make it a separate business. "We shared the view that it is better to make the joint venture independent, in the long run, rather than putting it under Sony or Honda," Sony President and CEO Kenichiro Yoshida told Nikkei.
Yoshida didn't provide more details, but did say it's a "possibility" that the companies may sell a stake in the joint venture or have an initial public offering. "I hope to be able to talk a little about it at some point in the near future," he added.
