FILE PHOTO: The Sony logo is seen on a building in the Manhattan borough of New York City, New York, U.S., January 16, 2019. REUTERS/Carlo Allegri

January 5, 2022

(Reuters) – Japan’s Sony Group will establish a new company for electric vehicles this spring, its chairman said, becoming the latest tech company to beef up its ambitions in the fast-growing market.

Sony’s chairman and president, Kenichiro Yoshida, made the comment at the CES technology conference in the United States that was streamed online.

He said that it would launch the new company, Sony Mobility Inc., in the spring of 2022, through which it intends to explore entry into the electric vehicle market.

Sony has already announced a prototype vehicle that is being tested on public roads.

(Reporting by Shinji Kitamura; Editing by David Dolan and Himani Sarkar)


Source: One America News Network

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