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Sony Group Corporation, Honda Motor Co., Ltd., and their joint venture Sony Honda Mobility Inc. (SHM) announced the discontinuation of development and launch of SHM's AFEELA 1 and second AFEELA-branded EV models, and will review SHM's business direction due to changes in Honda's EV strategy. Sony, which accounts for SHM under the equity method, states the impact will not be material to its consolidated results for fiscal years ending March 2026 and 2027.