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Electronics

Sony eyes 'independent' EV joint venture with Honda

CEO says initial public offering for new company is possible

Sony Group Chairman, President and CEO Kenichiro Yoshida speaks to Nikkei on June 6 in Tokyo about his hopes for the company's joint venture with Honda in electric vehicles. (Photo by Yukinori Okamura)

TOKYO -- The head of Sony Group has said the company's planned joint venture with Honda Motor may hold a public share offering as the two companies prepare to develop electric vehicles together.

"We shared the view that it is better to make the joint venture independent, in the long run, rather than putting it under Sony or Honda," Sony Chairman, President and CEO Kenichiro Yoshida told Nikkei in an interview Monday. When asked about the possibility of an initial public offering for the venture, or selling a stake to other companies, he said, "That's a possibility."

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