6/6, 11:57 AM (Source: TeleTrader)
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Sony weighs 'independent' EV venture with Honda - report

Sony Group Corporation President and CEO Kenichiro Yoshida told Nikkei News on Monday that the company's planned eclectic vehicle venture with Honda Motor Co. Ltd. may include a public offering due to the firms wanting the project to remain "independent" of both enterprises.

"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," Yoshida noted, adding that an initial public offering is "a possibility."

On March 4, Sony and Honda announced that they signed a memorandum of understanding on creating a joint venture centering on "high value-added battery electric vehicles."

Baha Breaking News (BBN) / SP