Sony and Honda scrapped their next EV before launch. You can still drive it on PlayStation.

Honda and Sony cancelled the Afeela tech-heavy electric sedan that had been slated for 2026, leaving their joint venture Sony Honda Mobility in limbo. The decision signals a retreat from a high-profile EV product and will likely prompt reassessment of the JV's strategy, capital allocation and product roadmap. Expect near-term negative sentiment for the JV and potential downside pressure on related equity/strategic plans, while broader sector impact should be limited.

Analysis

Honda and Sony cancelled the Afeela tech-heavy electric sedan that had been slated for 2026, leaving their joint venture Sony Honda Mobility in limbo. The decision signals a retreat from a high-profile EV product and will likely prompt reassessment of the JV's strategy, capital allocation and product roadmap. Expect near-term negative sentiment for the JV and potential downside pressure on related equity/strategic plans, while broader sector impact should be limited.