Sony and Honda are starting a new company to make electric vehicles
CNN
Two of Japan's biggest names in business are teaming up.
Sony (SNE) and Honda (HMC) announced Friday that they plan to start a joint venture to make and sell electric vehicles. The company will be established later this year, and deliveries will begin by 2025.
Details of the agreements are still being worked out, and will be subject to regulatory approval, the two firms said in a joint statement.
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