Sony and Honda are planning to form a new company to design and sell electric vehicles together. The company is expected to be formed this year, with sales of the first EV model planned for 2025.

The partnership is intended to combine Honda’s expertise in making and marketing cars with Sony’s capabilities in image sensors, telecommunications, and entertainment.

The new company will aim to stand at the forefront of innovation, evolution, and expansion of mobility around the world, says Honda CEO Toshihiro mibe.’we will do so by leveraging Honda’s cutting-edge technology and know-how in relation to the environment and safety, while aligning the technological assets of both companies,’ he says.