Honda and technology giant Sony announced on Thursday that they’ve inked a joint venture agreement to produce and market electric vehicles (EVs), following earlier this year’s tease.
According to a news statement, the recently founded business, known as Sony Honda Mobility Inc., will “engage in the sale of high-value-added electric cars (EVs) and provide services for mobility.”
Former Honda executive Yasuhide Mizuno will serve as chairman and CEO of the new organization.
In order to create mobility and services that inspire and thrill our customers, Mizuno stated, “We want to fully exploit the technological advantages the two businesses possess in multiple domains, including as Sony’s sensing technology and Honda’s original mobility development capabilities. We hope to set the standard for a new era by combining the knowledge of the two businesses.
In order to create mobility goods, the two businesses want to combine Sony’s expertise in a number of areas, including telecommunications, image, and entertainment with Honda’s expertise in car technology, production, and after-sales service.
At the Consumer Electronics Show (CES) in 2020, a concept automobile from Sony made its initial appearance, displaying the Vision-S electric vehicle with a variety of sensors and other technologies.
Sony didn’t announce that it will proceed with mass-producing the car at the time. Instead, it was created to test the technologies for autonomous vehicles.
Sony presented the Vision-S 02 SUV concept at CES 2022 and announced that it would establish a company this year to put the vehicle into production.
A 536 horsepower all-wheel drive system and the Vision-S 02 were showcased, but no information regarding battery size or range was provided. It will join a crowded field of midsize SUVs where it will face off against brand-new EVs like the Polestar 3, Chevrolet Equinox EV, and Ford Mustang Mach-E.
By 2040, Honda announced that it would only market battery- and hydrogen-powered automobiles. That begins with the 2024 Honda Prologue, an all-electric SUV that is anticipated to go on sale in the United States in 2023. It is anticipated to have a 300-mile range.
Additionally, the Japanese manufacturer recently disclosed a collaboration with General Motors to build electric vehicles, with manufacturing beginning in 2023 and 2024.
Subject to regulatory permissions, Sony and Honda claim that their new mobility product will go into production in 2025.
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Why does GM work with Honda?
According to Mary Barra, chair and CEO of GM, “GM and Honda will share our best technology, design, and manufacturing strategies to offer accessible and appealing EVs on a global scale, including our main markets in North America, South America, and China.
Honda is owned by Sony?
Sony and Honda have signed a joint venture agreement to create Sony Honda Mobility Inc., a new company that will operate in the mobility sector. Honda Motor Company, Ltd Tokyo, Japan – June 16, 2022 – Honda Motor Co., Ltd. and Sony Group Corporation (“Sony”)
Is GM collaborating with Honda?
General Motors and Honda, a Japanese automaker, have teamed up to jointly develop a line of affordable electric vehicles (EVs) in an effort to “world’s population into EVs more quickly than either business could do on its own.
On Tuesday, General Motors and Honda announced an expansion of their collaboration in which they would jointly create new, reasonably priced electric vehicles (EVs) based on a new design and utilizing GM’s Ultium battery technology. They think that the tiny crossover will make it possible to begin mass producing EVs globally in 2027.
The two businesses have also agreed to discuss future opportunities for EV battery technology collaboration in an effort to further reduce the cost of electrification. This will help to achieve greater quality, higher throughput, and affordability. They will also work to standardize equipment and processes.
“In order to produce inexpensive and appealing EVs on a worldwide scale, including our main markets in North America, South America, and China, GM and Honda will pool their best technology, design, and manufacturing strategies, according to Mary Barra, GM chair and CEO of the alliance.
“This is a crucial step in carrying out our promise to become carbon neutral in our operations and products globally by 2040 and to get rid of tailpipe emissions from light-duty vehicles in the US by 2035. Together, we can get more people into EVs more quickly than either firm could do on its own.
In 2013, GM and Honda agreed to collaborate on the development of the next-generation fuel cell system and hydrogen storage technologies. The two businesses have since collaborated on electric and autonomous car technology, and in 2018 Honda joined GM’s efforts to manufacture EV battery modules.
The Honda Prologue, which will go on sale in early 2024, and Acura’s first electric SUV were among the two EVs that the two firms jointly announced plans to manufacture in 2020. Honda performance subsidiary Acura will follow the Honda Prologue.
The businesses have also benefited from a continuing partnership with California-based self-driving car expert Cruise. The two organizations are currently collaborating on the development of the Cruise Origin, one of the first purpose-built, fully autonomous vehicles created specifically for driverless ride-hail and delivery.
“This new series of inexpensive EVs will expand on this connection by using our experience in the research and production of high quality, compact class vehicles,” said Shinji Aoyama, Honda Senior Managing Executive Officer.
President and CEO of Honda, Toshihiro Mibe, adding, “Honda is dedicated to achieving carbon neutrality globally by 2050, which calls for lowering the price of EVs to make EV ownership affordable for the largest number of customers.
Does Honda belong to General Motors?
The major automakers with present presences in the United States are listed below, along with the brands they sell.
BMW, Mini, and Rolls-Royce are all owned by BMW Group. Smart and Mercedes-Benz are owned by Daimler AG. Lincoln and Ford are owned by Ford Motor Co. Chevrolet, GMC, Buick, and Cadillac all belong to General Motors. Hummer is back as a GMC subsidiary brand. In order to co-develop EVs, GM and Honda have an official collaboration. Acura and Honda are owned by Honda Motor Co. It collaborates with GM. Sony Honda Mobility is the name of the electric vehicle firm they founded with Sony. Genesis, Hyundai, and Kia are all owned by Hyundai Motor Group. Mazda is owned by Mazda Motor Corp. Mitsubishi, Nissan, and Infiniti are all owned by the Renault-Nissan-Mitsubishi Alliance. Following the merger of Fiat Chrysler Automobiles and Peugeot S.A., a new company called Stellantis was created. According to the explanation, the word is derived from the Latin verb “stello,” which means “to dazzle with stars.” Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, Maserati, and Ram are now under Stellantis and are FCA brands that are offered in the United States. Other Stellantis automobile brands include Citroen, DS Automobiles, Opel, Peugeot, and Vauxhall. Subaru is owned by Subaru Corp. Jaguar and Land Rover are owned by Tata Motors. Owned by Tesla. Lexus and Toyota are owned by Toyota Motor Corp. Additionally, it owns stock in Suzuki and Subaru. The automotive brand VinFast, along with VinHomes, VinBigData, VinBioCare, and VinBrain, are all owned by VinGroup. Audi, Bentley, Bugatti, Lamborghini, Porsche, Scout, and Volkswagen are all brands owned by Volkswagen AG. Volvo, Polestar, and Lotus are all brands owned by Zhejiang Geely Holding Group (ZGH).
Will GM eventually surpass Tesla?
According to General Motors CEO Mary Barra, her business will surpass Tesla in the U.S. electric vehicle market share by 2025.
Tesla, owned by Elon Musk, currently has a market share of more than 60% in the United States and sells more electric vehicles than any other company.
It seems doubtful that Tesla will be overtaken anytime soon with such a large advantage.
Mary Barra, CEO of General Motors, followed up on a brazen challenge she issued to Elon Musk earlier this week, saying that her business would sell the most electric vehicles in the United States by 2025.
In October 2021, Barra initially stated the prognostication to CNBC, responding “When asked if she believes GM can overtake Tesla by the middle of this decade, she replied, “certainly.”
Tesla does not break out its domestic sales from its international sales, but according to Cox Automotive, 352,471 cars were sold to American motorists last year. Approximately 14 times as many as GM’s Chevrolet brand. According to CNBC, Chevrolet completed the year with fewer than 25,000 electric vehicle sales, lagging Ford and Tesla in U.S. sales after a recall due to battery fire concerns and a stop in production.
The forecast is a component of General Motors’ bigger objective to sell solely zero-emission automobiles by 2035. In order to launch 30 new battery-powered models globally between now and 2025, it has promised to invest $35 billion in electric and driverless vehicles.
“We already have China’s top-selling EV. With the Chevrolet Bolt EV and EUV back in production, our EV deliveries in North America in 2022 are expanding once again, the spokeswoman stated.
They stated that numerous other EV projects will debut before 2025, in addition to the firm launching three high-volume Chevrolet EVs in 2019—the Silverado, Blazer, and Equinox.
Honda may be developing electric vehicles.
On April 20, 2021, in Shanghai, China, at a media day for the Auto Shanghai exhibition, a Honda SUV e:Prototype electric car is on display. Aly Song for Reuters
In a video chat, Aoyama stated that starting in 2027, a third platform—which he referred to as “middle size”—will be shared with General Motors.
Early in April, the two businesses announced their cooperative development of “cheap electric vehicles” for international markets, but they provided few additional information. View More
It is still up in the air whether they will be built on GM’s platform or Honda’s architecture, according to Aoyama.
He continued, “We haven’t chosen which plants (or) what will be produced. But in order to “allow the automobiles to be produced at either” Honda or GM plants, “we are going to share the bill of procedure” for manufacturing.
Starting in 2024, GM will construct two high-end electric SUVs for Honda in North America using the same EV architecture that supports the Cadillac Lyriq. View More
Honda has agreed to employ GM’s upcoming Ultium battery, according to Aoyama, even if the details are still being worked out. However, according to him, the Japanese manufacturer has no intentions to take part in GM’s Ultium battery joint venture with LG Energy Solution (051910.KS) of South Korea.
By 2030, Honda has stated it will produce two million electric vehicles worldwide, including the mid-size versions it is working on alongside GM.
According to Aoyoma, Honda plans to produce 750,000–800,000 electric vehicles in North America in 2030, as well as a similar number in China and another 400,000–500,000 in Japan and other regions.
Does Apple own a vehicle?
Apple analyst Ming-Chi Kuo predicts that an Apple Car won’t be ready for release until 2025 to 2027 at the earliest, contrary to Reuters’ assertion that the company plans to start producing cars in 2024. Kuo stated that he wouldn’t be shocked to see the launch window pushed back to 2028 or later.
Apple is aiming for a 2025 launch, but work on the Apple Car is still in its early phases, according to Bloomberg’s Mark Gurman.
Is Sony developing an electric vehicle?
- Sony will contribute its tech-focused expertise while Honda will supply the production facilities.
- Today, Honda and Sony revealed their intention to establish a new business to produce and market electric automobiles.
- The first EV vehicle will go on sale by 2025, according to the two brands’ plans to form the new company this year.
UPDATE 6/16/22: Honda and Sony declared today that they had signed a joint venture contract for a new business called “Sony Honda Mobility Inc. With ambitions to launch EV sales and mobility service operations in 2025, the new company will concentrate on creating electric vehicles and mobility services.
What is the price of the Honda E?
The cost of the 2024 Honda e:Ny1 has not yet been disclosed by the car company. The new HR-V hybrid, on the other hand, is priced in the UK at 27,960 pounds, or about $36,800. On the basis of that, the fully electric e:Ny1 will probably start at more over $40,000 MSRP.