Sony Honda Mobility is scaling back its electric vehicle ambitions after setbacks with its Afeela program.
The move comes about a month after the partners scrapped plans for two Afeela models that were intended for the North American market.
The decision reflects growing challenges in the electric vehicle sector, including high development costs and intensifying competition. While the companies are not ending their partnership entirely, the pullback signals a shift in strategy and a reassessment of how they plan to approach future mobility projects.
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