On March 25, Sony Group and Honda Motor made a joint announcement, revealing that they have decided to halt the development and launch of the Afeela series of electric vehicles. This strategic shift comes as a result of Honda's reevaluation of its electrification approach, leading to the conclusion that the initial business plan is no longer feasible. Given the 'asset-light' operational strategy employed by Sony Honda Mobility Inc., Sony expects that this change will not significantly affect its financial standing.
