Sony and Honda Sign Joint Venture Agreement to Establish New Company, “Sony Honda Mobility Inc.”, to Engage in Mobility Business

Sony Group Corporation (“Sony”) and Honda Motor Co., Ltd. (“Honda”) announced today that they have signed a joint venture agreement to establish a new company to engage in the sale of high-value-added electric vehicles (EVs) and provide services for mobility. Today’s announcement is the furtherance and result of discussion of a strategic alliance in the mobility field between the parties as announced in the joint press release entitled “Sony and Honda Sign Memorandum of Understanding for Strategic Alliance in Mobility Field” on March 4, 2022.

The new company will aim to bring together Honda’s cutting-edge environmental and safety technologies, mobility development capabilities, vehicle body manufacturing technology and after-sales service management experience, with Sony’s expertise in the development and application of imaging, sensing, telecommunication, network and entertainment technologies, to realize a new generation of mobility and services for mobility that are closely aligned with users and the environment, and continue to evolve going forward.

Sony and Honda plan to establish the new company within 2022 and to begin the sale of EVs and provision of services for mobility in 2025. The establishment of the new company and the start of business are subject to relevant regulatory approvals.

New Company Overview (Planned)
Company name: Sony Honda Mobility Inc.
Location: Tokyo, Japan
Capital: 10 billion yen
Investment ratio: Sony Group Corporation 50%, Honda Motor Co., Ltd. 50%
Members of the board:
Yasuhide Mizuno, Representative Director, Chairman and CEO
Izumi Kawanishi, Representative Director, President and COO 
Shugo Yamaguchi, Director and Deputy President
Kojiro Okabe, Director and Executive Vice President
Manabu Ozawa, Director (Honda Motor Co., Ltd.)
Naoya Horii, Director (Sony Group Corporation)

Comment from Kenichiro Yoshida, Representative Corporate Executive Officer, Chairman, President and CEO, Sony Group Corporation

“Based on our vision to ‘make the mobility space an emotional one,’ Sony’s initiatives in the mobility business are centered around the three areas of safety, entertainment and adaptability. As we continue our learnings in these areas, we are excited to have met a partner, Honda, with extensive global achievements and knowledge, and to sign the joint venture agreement between the two companies. Going forward, we aim to contribute to the evolution of mobility by combining Honda’s cutting-edge environmental and safety technologies, mobility development capabilities, vehicle body manufacturing technology and after-sales service management experience, with our expertise in imaging, sensing, telecommunication, network and entertainment technologies.”

Comment from Toshihiro Mibe, Director, President, Representative Executive Officer and CEO, Honda Motor Co., Ltd.

“Honda continues to take on new challenges in the environmental, safety, and other advanced fields in order to be a driving force for social change through mobility, and ‘become the power that supports people around the world who are trying to do things based on their own initiative’. We are very pleased to have signed a joint venture agreement with Sony, which has strengths in advanced digital technology, and shares our desire to take on new challenges. Since its announcement in March, many people have expressed their expectations for this joint venture. At the new company, we will strive to create new value ​​through the fusion brought about by the combination of our different industries, so please look forward to future developments.”

Comment from Yasuhide Mizuno, Representative Director, Chairman and CEO of Sony Honda Mobility Inc. (Planned) and Senior Managing Officer of Honda Motor Co., Ltd.

“We are very pleased to sign this joint venture agreement, which represents the start line from which we embark on the major challenge of revolutionizing mobility and creating new value. We plan to fully leverage the technological assets the two companies possess in different fields, such as Sony’s sensing technology and Honda’s original mobility development capabilities, to realize mobility and services that inspire and excite our customers. By bringing together the expertise of both companies, we aim to lead the way in a new era.”

Comment from Izumi Kawanishi, Representative Director, President and COO of Sony Honda Mobility Inc. (Planned) and Executive Vice President of Sony Group Corporation

“I am very pleased to have reached this day, which represents a major milestone in realizing the initiatives we have been working on until now with the aim of contributing to the evolution of mobility. By combining the many strengths of Sony and Honda, we intend to accelerate development and lead the evolution of mobility by realizing mobility as an emotional space rooted in safety and security, and the related services.”






Topic: Press release summary

MTech Mobility Moves Global Headquarters to Jupiter, Florida

 MTech Mobility, a leading global provider of mobility products and services, has moved its global headquarters to Jupiter, Florida. The company is investing more than $6 million to establish a state-of-the-art center at the 35,000-square-foot facility.

“We are excited to announce our new headquarters in Jupiter, Florida, to support our unprecedented growth in helping companies deploy, support and manage mobile and IT devices used for employee productivity gains, operational efficiency and improved customer engagement,” said Tony Fernandez, CEO of MTech Mobility. The company expects to create more than 100 new jobs in 2022 and more than 200 new jobs over the next 24 months.

MTech’s new headquarters at 15827 Guild Court will accommodate expanding demand for MTech’s products and services in North America and beyond.

“Increased capacity to better serve our customers and partners was the key driver in identifying a new headquarters location,” said Anthony Fernandez, Chief Operating Officer for MTech. “The facility was designed as a true collaboration center that offers the highest level of quality and security while offering employees a fun and flexible work environment.”

MTech, which outgrew its most recent headquarters in Palm Beach Gardens, Florida, chose the Jupiter area for its hub of life science, aerospace, warehousing and manufacturing industries. “Especially with our explosive growth in serving the telehealth industry, we require a skilled bioscience and high-tech workforce and access to academic institutions,” said CEO Tony Fernandez.

The move is a homecoming for MTech, which was founded in Jupiter as a repair center in 2012. In 10 short years the company expanded to operate facilities in Norcross, Georgia; Shenzhen, China; Hong Kong; and Wexford, Ireland.

About MTech Mobility

MTech Mobility is a global leader in providing comprehensive managed and repair services for any device, operating system or use case. Offering the industry’s most robust set of mobility and IT services for the enterprise, the company specializes in device preparation and deployment, 7x24x365 multilingual help-desk support, advanced exchange and warranty management, in and out of warranty repair services, telecom expense management services, and more. For more information, please visit https://www.mtechmobility.com.

MTech Mobility

Janelle Fernandez

(561) 222 5170

https://www.mtechmobility.com

ContactContact

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Siemens Mobility to deliver 50 dual-mode locomotives to DB Cargo and the DB Bahnbau Group

-Last mile without changing locomotives with Vectron Dual Mode locomotives

-Sustainable concept thanks to combined electric and diesel power

-Production at the Siemens Mobility plant in Munich-Allach

WEBWIRE



DB Cargo AG and DB Bahnbaugruppe GmbH have together ordered a total of 50 locomotives from Siemens Mobility. The Vectron Dual Mode locomotives will be delivered with specific adaptations for the planned range of service with DB Cargo and the DB Bahnbau Group. The locomotives can be operated with either diesel or electricity. The order is an option taken by DB from a framework agreement concluded in September 2020. With this order, the DB Cargo fleet will grow to 146 Vectron Dual Mode locomotives, and the DB Bahnbau Group will receive four locomotives of this type for the first time. Delivery of the locomotives will begin in 2026 and they will be produced at the Siemens Mobility plant in Munich-Allach.


“Our Vectron Dual Mode locomotive is supporting DB in the climate-friendly conversion of their fleet. On electrified sections of their routes, the Vectron Dual Mode will operate in a purely electric mode, and on non-electrified sections, it can switch to conventional operation and eliminate the need to change locomotives. This will reduce COemissions, lower maintenance costs, and help DB implement more sustainable supply chains,” said Albrecht Neumann, CEO Rolling Stock at Siemens Mobility. 


Even though the main railway lines in Germany are already electrified, the so-called last mile can usually only be operated using internal combustion locomotives. The Vectron Dual Mode offers a sustainable and economical replacement for conventional diesel locomotives.


To date, Siemens Mobility has sold 195 Vectron Dual Mode locomotives to 18 customers. The locomotive is based on the proven Vectron platform and components. It is designed to operate on a 15-kV AC voltage system and is equipped with the PZB train control system.


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Siemens Mobility is a separately managed company of Siemens AG. As a leader in transport solutions for more than 160 years, Siemens Mobility is constantly innovating its portfolio in its core areas of rolling stock, rail automation and electrification, turnkey systems, intelligent traffic systems as well as related services. With digitalization, Siemens Mobility is enabling mobility operators worldwide to make infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience and guarantee availability. In fiscal year 2020, which ended on September 30, 2020, Siemens Mobility posted revenue of €9.1 billion and had around 38,500 employees worldwide. Further information is available at: www.siemens.com/mobility.


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Siemens Mobility to deliver Vectron multisystem locomotives to Railpool for the first time

Railpool, one of Europe’s leading rail vehicle rental companies, has ordered 20 Vectron MS multisystem locomotives from Siemens Mobility. The locomotives are intended for service in eleven countries along the Eastern Corridor (Germany, Austria, Poland, Croatia, Czechia, Slovakia, Slovenia, Hungary, Bulgaria, Romania, Serbia). The locomotives will be delivered in several phases beginning in March 2022. Railpool’s fleet is currently comprised of more than 400 locomotives. When deliveries of this first order for multisystem locomotives from Siemens Mobility are completed, Railpool will have a total of 53 Siemens locomotives.

“We are proud that Railpool is for the first time adding Vectron multisystem locomotives from Siemens Mobility to its fleet. Our Vectron locomotive not only stands for reliability and high performance, features that ideally meet the needs of cross-border rail transport in Europe. The name Siemens Mobility stands for customer proximity and on-time deliveries,” said Albrecht Neumann, CEO Rolling Stock of Siemens Mobility.  

Torsten Lehnert, CEO of Railpool, commented: “Our first Vectron multisystem locomotives will enable our customers to transport freight and passengers across eleven countries along the Eastern Corridor. Combined with our customary level of Railpool service quality, we will be creating an attractive offer for rail transport companies that meets their freight and passenger transport needs along one of Europe’s most important rail corridors. We at Railpool can not only flexibly and optimally serve the key transport routes in Europe, thanks to our strong fleet of more than 400 locomotives, but also maximize the availability of these locomotives by providing our full range of proven services.”

Ingo Wurzer, CFO of Railpool, added: “With our purchase of the 20 Vectron MS locomotives, we want to position Railpool even better to handle anticipated market developments, especially in Eastern Europe. Railpool believes it is especially important to provide its customers with the best possible service and flexible solutions. To ensure we can continue to do so as we grow, we’ve already made important investments this year with the support of our shareholders, and look forward now to the new locomotives that clearly meet our fleet demands: 100% modern – yet proven – electric locomotives that provide our customers with highly reliable and high-performance service.”

The Vectron MS locomotives ordered by Railpool have a maximum output of 6.4 megawatts and a top speed of 200 km/h. They are also equipped with the required national train control systems as well as the European Train Control System (ETCS).

To date, Siemens Mobility has sold over 1,100 Vectrons to a total of 56 customers. These locomotives have accumulated more than 450 million fleet kilometers in service and are certified for operating in Austria, Belgium, Bulgaria, Croatia, the Czech Republic, Denmark, Finland, Germany, Hungary, Italy, the Netherlands, Norway, Poland, Romania, Serbia, Slovakia, Slovenia, Sweden, Switzerland and Turkey.  

—–

Siemens Mobility is a separately managed company of Siemens AG. As a leader in transport solutions for more than 160 years, Siemens Mobility is constantly innovating its portfolio in its core areas of rolling stock, rail automation and electrification, turnkey systems, intelligent traffic systems as well as related services. With digitalization, Siemens Mobility is enabling mobility operators worldwide to make infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience and guarantee availability. In fiscal year 2020, which ended on September 30, 2020, Siemens Mobility posted revenue of €9.1 billion and had around 38,500 employees worldwide. Further information is available at: www.siemens.com/mobility.

RAILPOOL is one of Europe’s leading rail vehicle rental companies providing full service expertise from a single source. The company was founded in Munich in 2008 and is now active in 16 European countries. With a fleet of over 400 electric locomotives and 148 passenger vehicles (with an investment of €1.2 billion), RAILPOOL is one of the largest providers in Europe. The RAILPOOL fleet covers some 70 million kilometers every year and makes an important contribution to shifting transport to rail. RAILPOOL maintains its own warehouse with over 78,935 items from 2,700 different spare parts and components.