Sony Plans IPO of ‘Independent’ EV Venture With Honda – Nikkei

The Inzone line, developed by a unit outside Sony’s main gaming business, aims to leverage Sony’s audio and display technology, areas where Sony is seen as retaining an edge. File photo: Reuters.

Sony Group chairman Kenichiro Yoshida has said the Japanese conglomerate plans to set up an “independent” joint venture with Honda to develop electric vehicles by the end of this year, Nikkei Asia reported, adding that the joint venture may hold a public share offering.

While Sony will develop the software and entertainment content available in the car, Honda will provide the hardware and safety features for the vehicle, the report said.

Read the full story: Nikkei Asia.

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.