Honda, Sony Drop Afeela EV Project, Reassess Partnership

Honda Motor Co. and Sony Group Corp. have scrapped plans to jointly develop an electric vehicle and will rethink their partnership as the carmaker’s financial troubles deepen.

Development of the first- and second-generation Afeela EVs will be shelved effective immediately, the companies said in a joint statement Wednesday. They will also reevaluate Sony Honda Mobility Co., their joint venture established in 2022.