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.Source: Reuters
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Sony says to establish new electric vehicle companyTOKYO : Japan's Sony Group will establish a new company for electric vehicles this spring, its chairman said, becoming the latest tech giant to enter the fast-growing market.Shares of Sony jumped more than 4per cent on the announcement. (Reporting by Shinji Kitamura; Editing by David Dolan) Hmmmm okay lets see what they can do...
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