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The new EV will be delivered to the Japanese market in the second half of 2026, said Yasuhide Mizuno, the joint venture’s chairman and chief executive, and a senior Honda executive.
The two companies officially agreed to the equally owned joint venture, Sony Honda Mobility, in June, with each of them investing 5 billion yen ($34.05 million) in the new venture.
Honda is under pressure from investors to make cars that are carbon-free and equipped with newer technology such as self-driving features. Like its bigger rival Toyota Motor (NYSE:TM), it has been slow to shift its fleet to electric, offering only one EV known as Honda e.
($1 = 146.8300 yen)
