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...In addition, the group disclosed the extent of its reliance on its parent company Geely, which it leans on for “research and development, procurement, manufacturing, and engineering”....
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...The president of Sony Honda Mobility was also there, and told me after the presser that he was surprised by how much BYD had improved in the past few years and thought Japanese EV makers should work hard...
...In January, Honda’s joint venture with GAC announced that it had discontinued producing and selling cars under the Japanese group’s luxury brand Acura....
...Formula One is both a global stage for our brand and a highly challenging development laboratory....
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...Seiji Sugiura, a senior analyst at advisory company Tokai Tokyo Research Institute, said that while the announcement showed Honda’s commitment to EVs, “the stock market still has scepticism”....
...Seoul will invest Won204.7bn ($181.4m) in research and development by the end of next year as part of its longer-term response to the shortage....
...Sony and Honda want to make electric cars. Lex suggests the moniker “Driveman”, echoing Sony’s successful audio product....
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