Sony is launching a new company to “explore entry” into the electric vehicle market, joining a long list of technology groups that are considering a move into the next-generation car business.
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, sending Japanese the group’s shares up more than 4.5 per cent.
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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