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Photo: Sony

Sony made waves at CES in Las Vegas on Monday by unveiling an electric vehicle prototype under what the tech giant calls its "Vision-S" initiative.

Why it matters: It adds a deep-pocketed player to the competitive electric vehicle design and tech field.

  • "I believe the next megatrend will be mobility, as vehicles become more connected, autonomous, shared and electric in the coming years," CEO Kenichiro Yoshida said onstage.

The state of play: It's not yet clear, as The Verge points out, whether the car is ever meant to go into production, or whether it's instead a way to package concepts and tech that could be used by others.

  • Either way, Sony clearly is looking to position itself in the future of transportation.
  • "To deepen our understanding of cars in terms of their design and technologies, we gave a shape to our vision," Yoshida said.

Where it stands: Sony said the vehicle is the result of work with partners including the giant auto supplier Magna, Bosch, BlackBerry, Qualcomm and others.

  • The CES presentation and a new website offer little sense of commercial plans for the ideas around in-car entertainment, sensing, and more that Sony is touting.
  • Yoshida also said the newly designed platform for the vehicle can be applied to other vehicle types, like SUVs.

What's next: Engadget's Mariella Moon notes there are "lots of questions for Sony to answer."

  • "We need more details on its pretty elaborate in-car entertainment features, and what is the company planning to do after this concept?"

Go deeper: Electric vehicles face an uncertain policy landscape in 2020

Go deeper

Biden taps Brian Deese to lead National Economic Council

Brian Deese (L) in 2015 with special envoy for climate change Todd Stern (C) and Secretary of State John Kerry (R). Photo: Mandel Ngan/AFP via Getty Images

President-elect Joe Biden announced Thursday that he has selected Brian Deese, a former Obama climate aide and head of sustainable investing at BlackRock, to serve as director of the National Economic Council.

Why it matters: The influential position does not require Senate confirmation, but Deese's time working for BlackRock, the world's largest asset manager and an investor in fossil fuels, has made him a target of criticism from progressives.

Felix Salmon, author of Capital
27 mins ago - Economy & Business

The places regulation does not reach

Illustration: Aïda Amer/Axios

Financial regulation is not exactly simple anywhere in the world. But one country stands out for the sheer amount of complexity and confusion in its regulatory regime — the U.S.

Why it matters: Important companies fall through the cracks, largely unregulated, while others contend with a vast array of regulatory bodies, none of which are remotely predictable.

1 hour ago - Economy & Business

Boeing gets huge 737 Max order from Ryanair, boosting hope for quick rebound

Ryanair low cost airline Boeing 737-800 aircraft as seen over the runway. Photo by Nik Oiko/SOPA Images/LightRocket via Getty Images

Dublin-based Ryanair said it would add 75 more planes to an existing order for Boeing's 737 Max airplanes, a giant vote of confidence as Boeing seeks to revive sales of its best-selling plane after a 20-month safety ban following two fatal crashes.

The big picture: Ryanair's big order, on the heels of breakthrough vaccine news, is also a promising sign that the devastated airline industry might recover from the global pandemic sooner than expected.

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