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Honda and Sony strengthen their automotive partnership

August 11, 2024
in ALL ARTICLES, CAR NEWS
Honda and Sony strengthen their automotive partnership

Recently, globally renowned car manufacturer Honda and electronic entertainment giant Sony announced that they will further strengthen their automotive partnership and jointly create a new electric vehicle brand, Afeela, and Honda 0 series electric vehicles based on the same platform. This cooperation not only marks the deep integration of the two companies in the automotive field, but also indicates that the electric vehicle market will face more intense competition in the future.

According to the agreement reached by both parties, Honda and Sony will work together to develop and produce vehicles for the Afeela brand and Honda 0 series electric vehicles. This collaboration aims to reduce costs and shorten development time through shared platform technology to cope with increasingly fierce market competition, especially threats from Chinese automakers. Honda’s future 0 series electric vehicles are expected to have a starting price of around $40000 in the US market, while the Afeela brand vehicles, although priced higher, have not yet been announced in specific details and are expected to bring unique driving experiences and technological configurations.

To achieve this goal, Honda and Sony jointly established a joint venture company called “Sony Honda Mobility”. The new company is located in Tokyo, Japan, with a registered capital of 10 billion yen (approximately 500 million yuan), and each party holds 50% of the shares. Honda senior executive Yasuhide Mizuno will be appointed as the CEO of the new joint venture, while Izumi Kawanishi, Executive Vice President of Sony, will serve as the Chief Operating Officer. The establishment of this management structure provides a solid organizational guarantee for the deep cooperation between the two companies.

During the cooperation process, Honda will leverage its advantages in automobile manufacturing, safety technology, mobile travel development, and body manufacturing to provide solid support for the production of electric vehicles. Sony will leverage its expertise in the development and application of imaging, sensing, communication, networking, and entertainment technologies to provide advanced intelligent and entertainment solutions for vehicles. This strong alliance model will promote the development of electric vehicles towards a more intelligent and networked direction.

It is reported that Honda’s next generation electric vehicles will launch seven new models before 2031, and plans to invest 10 trillion yen (approximately 452.5 billion yuan) in the 0 series models. These models will adopt “ultra-thin battery packs” and newly developed compact electronic driveshafts to achieve more efficient energy utilization and better driving performance. Meanwhile, all 0 series models will have a range of over 300 miles (480 kilometers), providing consumers with a more convenient travel experience.

For Sony, this cooperation will not only help expand its business territory in the automotive field, but also promote the further development and application of its in car electronic products, sensors, radar and other technologies. For Honda, Sony’s addition undoubtedly injects new vitality into the intelligence and networking of its electric vehicles, helping to enhance the market competitiveness of its products.

Looking ahead, the strong alliance between Honda and Sony will drive the sustained development of the electric vehicle market, bringing consumers a more intelligent and convenient travel experience. At the same time, this cooperation will also bring broader development space and business opportunities for both companies.

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