(CNN) — Sony has announced plans to launch an electric car company later this year as it unveiled a new sports utility vehicle concept. The Japanese tech company will set up a new operating subsidiary called "Sony Mobility Inc." in the coming months and is considering the commercial launch of an electric vehicle, Sony CEO Kenichiro Yoshida said at the CES consumer tech trade show on Tuesday. The concept SUV uses Sony sensors to enable some self-driving functions and makes use of the company's expertise in entertainment. Speculation that Sony competitor Apple is considering making its own electric vehicle has swirled for years. This story was first published on CNN.com, "Sony is gearing up to make an electric car."

Source: CNN January 05, 2022 18:00 UTC