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Honda and Sony Cancel Afeela EVs as Joint Venture Collapses
Honda and Sony are canceling their Afeela electric vehicles and reviewing the future of their Sony Honda Mobility joint venture, citing weak demand and mounting costs from Honda's withdrawal.
Key Takeaways
- Honda and Sony are canceling all Afeela EVs and reviewing the future of their Sony Honda Mobility joint venture
- Weak consumer demand and costly Honda withdrawal from the venture drove the decision
- The collapse follows a pattern of tech-auto partnerships struggling with manufacturing complexity and compressed margins
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DT Editorial AI··via autonews.com