Gelonghui June 16?$Sony Group Corp (SONY.US) $和$Honda (HMC.US) $It was announced that a joint venture agreement had been signed to set up a new company to sell high value-added electric vehicles and provide mobile services. The goal of the new company is to combine Honda's cutting-edge environment and security technology, mobile development capabilities, body manufacturing technology and after-sales service management experience, combined with Sony Group Corp's expertise in the development and application of imaging, sensing, telecommunications, networking and entertainment technologies, to achieve a new generation of mobile and mobile-related services. Sony Group Corp and Honda plan to set up a new company within this year and start selling electric cars and providing mobile services in 2025. The establishment of the new company and the start of the business need to be approved by the regulatory authorities. The new company name is planned to be "Sony Honda Mobility Inc." the address of the company is Tokyo, Japan, with a capital of 10 billion yen, with Sony Group Corp and Honda each contributing 50%.