Honda Sony Mobility cancels planned EVs

TL;DR

Sony Honda Mobility, the joint venture between Japanese electronics giant Sony and automaker Honda, on Wednesday said it would stop developing its Afeela electric vehicles, citing Honda's strategy reassessment for EVs. Sony Honda Mobility will issue full refunds to customers who made reservations for what was supposed to be its first model, the Afeela 1, in California, it said in a statement. It added that it would continue discussions with Sony and Honda regarding its future plans.