Stock Groups

Sony to establish new electric vehicle company -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – The logo of Sony Corp is displayed at the news conference held in Tokyo (Japan) November 1, 2017. REUTERS/Kim Kyung-Hoon

(Reuters) – Japan’s Sony (NYSE) Group announced that it will create a new company to produce electric vehicles in spring. This is its latest venture into tech and expands its vision for the market.

Kenichiro Yoshida (chairman and president of Sony) made this comment during the CES conference in the United States. The stream was available online.

It would open the company Sony Mobility Inc. in spring 2022. Through it, it will explore the entry into electric vehicles market.

Sony announced the prototype of a vehicle, which is currently being driven on public roads.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]