Sony plans to sell electric cars

Eva Deschamps / January 5, 2022

Japanese electronics giant Sony unveiled a new prototype of its Vision S electric car on Tuesday and announced the creation of a new subsidiary to explore this rapidly expanding market.
On the stage of the CES in Las Vegas, the annual meeting of consumer electronics, the company unveiled the Vision-S 02, a new version of its first prototype, which is tested on the roads. The group, better known for its TV sets and video game consoles (Playstation), will create a subsidiary called Sony Mobility in spring 2022. Through this new branch, Sony intends to explore the possibility of investing in the market of electric vehicles, says the statement. The Vision S is packed with internal and external sensors and is used by Sony to test its driverless autonomous driving technologies. The company is also working on immersive entertainment systems.
The electric vehicle sector is still tiny: it accounts for only 3% of current sales in the United States. But it is attracting a lot of interest and investment. General Motors has planned to invest more than $35 billion in electric and autonomous vehicles by 2025. And in the United States, the authorities plan to spend billions to strengthen the network of charging stations or encourage individuals to abandon their polluting vehicles. 
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