Jan 5 (Reuters) - Japan's Sony Group will establish a new company for electric vehicles this spring, its chairman said, becoming the latest tech company to beef up its ambitions in the fast-growing market.
Sony's chairman and president, Kenichiro Yoshida, made the comment at the CES technology conference in the United States that was streamed online.
He said that it would launch the new company, Sony Mobility Inc., in the spring of 2022, through which it intends to explore entry into the electric vehicle market.
Sony has already announced a prototype vehicle that is being tested on public roads.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments