Sony: Dynamic Entry to Electric Vehicle Market – $ 128.6 per share

LAST UPDATE: 23.40

Sony Group plans to enter the electric vehicle market in the spring of 2022, seeking to harness its strengths in areas such as entertainment and sensors and to play a greater role in the mobility of the next generation.

Sony Mobility is the new company founded by the Japanese giant to “investigate the commercial circulation” of electric vehicles, said Sony President Kenikiro Yoshida in a press conference ahead of the CES technology trade show in the US.

“With imaging and crawling technologies, cloud, 5G and entertainment, combined with the dominance of our content, we believe Sony is well positioned as a creative entertainment company to redefine mobility,” said Yoshida.

Yoshida has unveiled a prototype SUV, the VISION-S 02, which uses the same electric vehicle platform as the VISION-S 01 coupe, which has been on public road testing in Europe since December 2020.

Sony’s share jumped up 5% in Tokyo after the announcement of the company’s plans to enter the electric car market, to finally close with gains of 3.67%.

On Wall Street, Sony closed with a marginal increase of 0.03% to $ 128.59, far from its intra-conference highs, after being found to record gains of 3.2%, exceeding $ 132 and on track for its highest price since April. of 2000.

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Source From: Capital

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