With electric cars being touted as the future, it is clear that the rise in crude oil prices through Russia-Ukraine will no longer be the only way electric vehicles can save the world.
It is a pity that the Japanese company Tesla, the American manufacturer of electric cars, and the German company Volkswagen, which is known for its excellent and quality cars, have not yet entered the electric car industry on a large scale.
To change this situation, Japan’s Sony and Honda have formed a new alliance to produce cars similar to Tesla’s.
Japan’s leading companies Sony and Honda on Friday announced the formation of a new alliance. The alliance aims to develop sophisticated mobility and mobility services through the company.
Sales of the alliance’s first electric car model are expected to begin in 2025. While Japanese automobile companies have been trying to make hydrogen cell cars for a long time, these efforts have not been as successful as one might think. It has thus begun to focus on electric car production on par with international companies.
The joint venture between Sony and Honda will plan, design, develop and sell electric cars. Honda is the only company to focus on car production as a whole, while Sony is only looking at the tech services of the new electric car.
Jim Barley, CEO of Ford Motors, said the board is currently investing about $ 30 billion in electric vehicle production by 2025 to compete with Tesla’s and is currently investing $ 50 billion by 2026.