Sony wants 75% of the electric vehicle market

Sony outlined its ambitious plans to get into the nascent electric vehicle and self-driving space.

At a two-day investor event, Terushi Shimizu, head of Sony’s imaging and sensing business, said Sony plans to supply imaging sensors to at least 15 of the top 20 global markers. of electric vehicles by 2025.

“We expect to do business in automotive imaging sensors with 75% of the world’s top 20 automakers by fiscal year 2025,” Shimizu said, saying those 20 companies would manufacture about 80% of all cars in the world. here that year.

Sony has increased its spending in this area, allocating A$9.75 billion for 2021-23 to development, three times the spending between 2015-17.

To that end, Sony has invested in a joint venture with TSMC to build a $9.75 billion factory in Japan.

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