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Technology Stocks : "NIO, XPEV, LI, BYD.. China's Quads

BYDDF 12.13

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Feb 6 9:30 AM EST

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From: Julius Wong	1/5/2022 8:47:00 AM
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Sony launches electric vehicle company to ‘explore’ entry into market - FT Jan. 05, 2022 2:35 AM ET Sony Group Corporation (SONY) By: Mamta Mayani, SA News Editor 8 Comments David Ramos/Getty Images News Sony (NYSE: SONY) shares rose 3.7% in Japan after following an announcement that it is launching a new company to “explore entry” into the electric vehicle (EV) market, source Financial Times. Kenichiro Yoshida, Sony chief executive, announced the plans to open the subsidiary, called Sony Mobility, this spring at the Consumer Electronics Show in Las Vegas. Yoshida unveiled a prototype sport utility vehicle (SUV), the VISION-S 02, which uses the same EV platform as the previously announced VISION-S 01 coupe that began testing on public roads in Europe from December 2020. He said the company saw mobility as an "entertainment space" where passengers could chose individual entertainment options and use 5G internet connection. As well as boasting seat speakers to create a “three-dimensional sound field”, the car will allow both games streaming and a remote connection to a PlayStation console. Google began work on self-driving cars in 2009 and Apple has had a secretive autonomous driving project in the works. Japan's Toyota Motor in December committed $70B to electrify its automobiles by 2030. The stock price rise built on gains the previous day propelled by the huge holiday season box office success of the Sony Pictures’ film Spider-Man: No Way Home.

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