Business

Sony to launch firm to explore making electric cars

Mulling entry into rapidly growing market, electronics giant will establish EV-focused subsidiary in spring 2022

Updated 4 years ago · Published on 05 Jan 2022 1:45PM

Sony to launch firm to explore making electric cars
Sony chief executive officer Kenichiro Yoshida unveils at the CES tech show in Las Vegas the Vision-S 02, a new version of the firm’s first prototype that has begun road testing. – AFP pic, January 5, 2022

LAS VEGAS – Electronics giant Sony unveiled yesterday a new prototype of its Vision-S electric vehicle and announced the founding of a company to explore jumping into the rapidly growing market.

The Japanese firm, better known for its TVs and video game consoles, will create the Sony Mobility subsidiary in spring 2022 as it weighs entering the field.

Sony chief executive officer Kenichiro Yoshida unveiled at the CES tech show in Las Vegas the Vision-S 02, a new version of the firm’s first prototype that has begun road testing.

Through this new branch, the electronics giant “intends to explore entry into the EV market,” it said in a statement.

The Vision-S is packed with internal and external sensors and is used by Sony to test its autonomous driving technologies.

The company is also working on entertainment systems.

The electric vehicle sector is still small, accounting for only about 3% of current sales in the United States but it is attracting a lot of interest and investment.

General Motors has planned to invest more than US$35 billion (RM146.7 billion) in electric and autonomous vehicles by 2025.

Authorities in the United States plan to spend billions of dollars to strengthen the network of charging stations or encourage individuals to abandon their fossil fuel-powered vehicles. – AFP, January 5, 2022

Related News

Business / 2y

A long road: Southeast Asia's complicated charge to develop EVs

Business / 2y

Govt to ensure EV ownership available to all: Tengku Zafrul

Motoring / 3y

This electric car can withstand anything, from bullets to explosives

Film / 3y

Hollywood’s video game craze takes meta turn with ‘Gran Turismo’

Malaysia / 3y

‘Tens of thousands of skilled jobs from Musk collaboration’

Malaysia / 3y

Road tax structure for EVs under review: Loke

Spotlight

Malaysia

Singapore could bar under-18s from social media platforms that fail safety test

Malaysia

College student dies after falling from 22nd-floor condominium in Setapak

Malaysia

PM praised for ‘Medeka Day’ reforms; More needed to cope with rising costs – Guan Eng

By Ian McIntyre

World

Tupac Shakur murder case ends after 30 years as ex-gang leader found guilty

Malaysia

Unidentified man found dead in Sungai Buloh drain as police probe suspected murder

Malaysia

Four killed, four injured in 11-vehicle Pahang highway crash

Malaysia

Sarawak haze crisis deepens as five areas hit hazardous air quality

Opinion

Would the United States use nuclear weapons against Iran?

Malaysia

Tajikistan eyes bigger role for Malaysia in Central Asian market

By Alfian Z.M. Tahir

You may be interested

Business

Pengerang investment must deliver results, not mere assurances – industry expert

Business

Oil prices top US$91 as renewed US-Iran fighting raises global energy shock fears

Business

MT4 or MT5? For traders, the choice often comes down to how they trade

By Alfian Z.M. Tahir