Sony Honda Mobility weighs future IPO for electric vehicle joint venture – Reuters

Jan 5 (Reuters) – Sony and Honda’s year-old electric vehicle joint venture is in early discussions about a potential stock offering as a way to raise cash, the chairman of Sony Honda Mobility said on Thursday.

Yasuhide Mizuno said the costs of building a “high-value” electric vehicle such as the Afeela, unveiled on Thursday, would be significant, and a stock offering has been discussed as one potential avenue for raising funds.

The initial goal of the joint venture would be to stand on its own feet financially, he told a handful of journalists at the CES technology trade show in Las Vegas.

Reporting by Dawn Chmielewski in Los Angeles; Editing by Richard Chang

Our Standards: The Thomson Reuters Trust Principles.


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