Honda Adjusts Strategy as Sony and Honda Halt Joint Electric Vehicle Launch Plan

Golden Finance, March 25｜Sony Group and Honda Motor announced on March 25 that they will terminate the development and launch plans for their Afeela series of electric vehicles. Due to Honda's reevaluation of its electrification strategy, the original business plan is no longer feasible. Sony expects that, given the "asset-light" operating model adopted by Sony Honda Mobility, this change will not have a material impact on its financial position.