June 16, 2022, Tokyo, Japan – Sony Group Corporation (“Sony”) and Honda Motor Co., Ltd. (“Honda”) announced today that they have signed a joint venture agreement to establish a new company to engage in the sale of high-value-added electric vehicles (EVs) and provide services for mobility. Today’s announcement is the furtherance and result of discussion of a strategic alliance in the mobility field between the parties as announced in the joint press release entitled “Sony and Honda Sign Memorandum of Understanding for Strategic Alliance in Mobility Field” on March 4, 2022.
Honda has announced plans to begin a battery sharing service for electric tricycle taxis (rickshaws) in India, in the first half of 2022, using the Honda Mobile Power Pack e: (MPP e:), Honda’s all-new portable and swappable batteries
