"Sony Honda Mobility announced the cancellation of the Afeela 1 electric vehicle, attributing the decision to Honda's larger pivot in the EV market and significant financial losses."
"The Afeela 1 was initially announced three years ago but faced delays and a lack of alignment with market trends, particularly the preference for electric SUVs over sedans."
Sony-Honda has canceled the Afeela 1 electric vehicle and halted development on another model. The decision stems from Honda's broader pivot in the electric vehicle market, following a significant financial loss. The joint venture stated that it could not utilize certain technologies originally planned for the Afeela. Reservation holders will receive full refunds, and discussions about the future of the partnership will continue. The Afeela 1's delayed release and specifications did not align with market preferences, contributing to its cancellation.
Read at WIRED
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