The electric vehicle production will happen as a result of the joint venture between Honda and Sony. 

Sony and Honda plan to establish the company in 2022 and start the sale of EVs and the provision of mobility services in 2025.

EVs have become the trend over the last year, and everyone from traditional automakers to new tech companies are betting that will stay the same. 

Tech giant Sony earlier this week debuted a new prototype electric SUV at the Consumer Electronics Show and announced plans to look into the feasibility of entering the global EV market.