Sony-Honda JV halts Afeela EV project after Honda cuts EV plans

Honda said the move would not materially affect its consolidated financial outlook for the fiscal year ending this month. Sony also said the impact on its financial position would be limited. Sony Honda Mobility was set up to combine Honda’s manufacturing capabilities with Sony’s software and entertainment technologies to compete in the EV market.

Sony-Honda JV halts Afeela EV project after Honda cuts EV plans
Honda said the move would not materially affect its consolidated financial outlook for the fiscal year ending this month. Sony also said the impact on its financial position would be limited. Sony Honda Mobility was set up to combine Honda’s manufacturing capabilities with Sony’s software and entertainment technologies to compete in the EV market.