Sony Honda Mobility to Sell ‘High-Value-Added’ EVs, Says DOJ
Honda advised DOJ and the FTC Aug. 24 that it and Sony are 50-50 joint venture partners in Sony Honda Mobility, said a notice for Monday’s Federal Register. “Sony Honda Mobility’s planned activity is the development and production of high-value-added…
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electric vehicles, as well as components and advanced mobility services software and technologies for integration into vehicles.” said Suzanne Morris, chief-premerger and division statistics in DOJ’s Antitrust Division. The notification was required to extend Sony and Honda antitrust protections under the 1993 National Cooperative Research and Production Act, said Morris. Sony Honda Mobility was announced June 16 with plans to create the new company this year and to begin the sale of EVs and mobility services in 2025.