**Sony Boosts Electric Vehicle Business with Major Investment**

(Sony’s New Investment in Electric Vehicle Technology)

Tokyo, Japan – Sony Group Corporation announces significant new funding for its electric vehicle division. This move strengthens Sony’s position in the competitive electric car market. Sony confirms a substantial financial commitment to Sony Honda Mobility Inc. Sony Honda Mobility is the joint venture formed with Honda Motor Co. Ltd. The venture aims to design, build, and sell high-tech electric vehicles.

Sony Honda Mobility plans to start selling its first electric car model later this year. Sales will begin in Japan. The company targets the United States market next. Deliveries to US customers should start in early 2025. The venture focuses on premium electric vehicles. These cars will feature advanced entertainment and safety systems. Sony intends to leverage its expertise in imaging, sensors, and entertainment.

The company sees electric vehicles as a key future growth area. Sony believes its technology can create unique driving experiences. This investment provides crucial resources for Sony Honda Mobility. The funds will support production, sales development, and technological advancement. The goal is delivering innovative electric cars to customers globally.

(Sony’s New Investment in Electric Vehicle Technology)

Sony Honda Mobility operates from its Tokyo headquarters. The joint venture combines Sony’s tech prowess with Honda’s automotive manufacturing strength. Executives express confidence in their strategy. They aim to compete effectively against established electric car makers. The first model represents a major step for Sony in the automotive sector.