Sony-Honda joint venture scraps EV plans after Honda strategy overhaul
Honda
Sony Honda Mobility , the joint venture between Japanese electronics giant Sony and automaker Honda , on Wednesday said it would stop developing its Afeela electric vehicles, citing Honda's strategy reassessment for EVs. The move follows Honda's move to overhaul its EV business for which the carmaker flagged a writedown of as much as 2.5 trillion yen ($15.7 billion) earlier this month. The JV said the decision left it without a viable path to bring the Afeela models to market. Sony Honda
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