Sony Shows Their Electric SUV at CES

Sony Group Corp. announced a new electric-vehicle unit, Sony Mobility Inc., and unveiled a prototype of its latest concept car Tuesday night at CES 2022.

Sony SONY, +1.48% said it is entering a new phase — after first announcing its plans for an electric vehicle in 2020 — with the seven-seat, SUV-like VISION-S 02. It joins the VISION-S 01, an electric concept car that was unveiled last year.

Sony’s Japanese stock 6758, +3.67% jumped about 5% in Tokyo trading after the announcement was made. The U.S.-listed shares rallied 3.2% in morning trading on Wednesday, putting them on track for the highest close since April 2000.

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