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Stock impact report

Honda Sony Mobility cancels planned EVs [Yahoo! Finance]

Honda Motor Company, Ltd. (HMC) 
Last honda motor company, ltd. earnings: 2/7 03:16 am Check Earnings Report
US:NYSE Investor Relations: world.honda.com/investors
Company Research Source: Yahoo! Finance
Dive Brief: Sony Honda Mobility, the electric vehicle joint venture between Honda Motor Co. and electronics manufacturer Sony, has canceled the launch of the Afeela 1 sedan and a second EV model, the companies announced in a joint press release The joint venture was formed in 2022 to combine the technologies, expertise and development capabilities of Honda and Sony to launch software-defined EVs, but its future is now in question as the automaker reevaluates the partnership after posting billions of dollars of losses amid challenging market conditions. “As a result of Honda's reassessment of its automobile electrification strategy announced on March 12, 2026, and factoring the changes to the EV market, the underlying assumptions of SHM's business operations such as the utilization of certain technologies and assets planned to be provided by Honda were fundamentally altered,” the automaker said in the release. Dive Insight: The first planned EV model of the joint venture's U Show less Read more
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