For the fourth year in a row, Sony brought its electric car prototype to CES to show it off to a global audience. But this year we finally got what we’ve wanted all along: a production date. We also got a name: “AFEELA.”
According to Sony’s presentation, the car will start US preorders in the first half of 2025, and the first shipment will be delivered to North American customers in spring 2026.
In terms of specs, we didn’t hear a whole lot new this year. Presumably it will have the same or similar specs as were announced originally – 400kW (536hp) dual-motor all-wheel-drive, 0-100km/h (0-62mph) in 4.8 seconds, and a top speed of 240km/h (149mph). We still have no information on price or battery size.
Sony highlighted its electronics expertise by focusing on the car’s sensing and infotainment abilities. The vehicle will have 45 sensors for autonomous driving (up from 40 in last year’s presentation) and will include advanced entertainment options within the car.
Sony thinks that its entertainment and software expertise will allow it to provide a better in-car connected experience than traditional automakers. It plans to have continually updated software in the AFEELA, something that many automakers have promised but have been slow to deliver.
Sony will partner with Qualcomm for its in-car experience, with a platform Qualcomm is calling the “Snapdragon digital chassis.”
Since last year’s show, Sony also partnered with Honda to form Sony Honda Mobility, Inc. Interestingly, Sony got top billing in the partnership, rather than the established automaker.
This partnership helps remove one of the roadblocks to getting a car on the road, which is that it’s really hard to build and distribute cars. Honda has experience with that, and Sony has experience with software and electronics, so the two can certainly benefit each other in this venture. And hopefully Sony can influence Honda to move quicker than it has on EVs.
Missing from the show this year was Sony’s SUV variant, which it showed off last year. That said, Sony referred to AFEELA as a “new brand” today, rather than as an individual car, so presumably it could expand to encompass an SUV variant at some point.
Electrek’s Take
Well, I’ll be darned, a production date. This is really happening.
When Sony originally surprised everyone with a concept EV in 2020, we thought it was a bit crazy that everyone seemed to be showing off concept EVs now. We’ve seen lots of concept EVs over the years, with varying levels of seriousness.
Sony’s could have been another one of the less-serious ones… but it wasn’t. It looked relatively refined and reasonable and didn’t make as many outlandish claims as some others might have.
At the time, we thought there was actually a decent chance this might happen, and each year since then, Sony has inched a step closer to actually releasing this car. But it was never completely certain until now, even last year we had to hedge our title.
But now we have a production date, and even that one is reasonable. Unlike some other companies that have a single prototype and yet claim they will deliver cars at scale within a year or two, Sony has been showing this prototype since 2020 now, even starting road testing that year, which means it has been working on it since at least 2019. If it hits the road in 2026, then it will have taken seven years from blank sheet to production – which just about fits the average for the automotive industry.
And while we’d like to see every EV sooner, 2026 is still ahead of the timelines for other automative laggards. Including Sony’s countrymen at Toyota, who think moving to a 50% EV mix by 2030 is a “long shot.”
As a person who has consistently criticized automakers for not moving quickly enough on EVs, or for making outlandish claims, and specifically criticized Japanese automakers for their intransigence on EVs, Sony’s vehicle program actually seems refreshingly mature. It seems to be moving at the right pace, it’s going all-electric, and it’s making a vehicle that seems realistic and doesn’t promise too much.
So while I started watching this press conference with the sense of “oh great, we get to see the same Sony prototype again,” I came out of it once again surprised in the positive at what Sony had up its sleeve.
What do you think of the AFEELA? Do you like the name? Do you think Sony has what it takes? Let us know in the comments below.
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Texas technology firm Aurora made headlines earlier this month by launching the first fully autonomous freight service in the US – but those celebrations may have been premature. According to the company’s CEO, human operators are back in the saddle.
In a blog post written by Aurora CEO, Chris Urmson, the company said the decision to put a human operator back behind the wheel of its tech-boosted Peterbilt Class 8 semi trucks was a result of pressure from the truck manufacturer’s parent company PACCAR. PACCAR apparently wanted a human in place, “because of certain prototype parts in their base vehicle platform.”
In Urmson’s own words:
A core part of our strategy has always been building a strong ecosystem of partners across the industry — from OEMs to logistics providers to regulators. These partnerships are essential to delivering a safe, scalable, commercial product.
One of those partners, PACCAR, requested we have a person in the driver’s seat, because of certain prototype parts in their base vehicle platform. We are confident this is not required to operate the truck safely based on the exhaustive testing (covering nearly 10,000 requirements and 2.7 million tests) and analysis that populates our safety case. PACCAR is a long-time partner and, after much consideration, we respected their request and are moving the observer, who had been riding in the back of some of our trips, from the back seat to the front seat. This observer will not operate the vehicle — the Aurora Driver will continue to be fully responsible for all driving tasks, including pulling over to a safe location if required. And we’ve shown we can do that safely, with the Aurora Driver operating for more than 6,000 driverless miles along our commercial launch lane between Dallas and Houston. This change has no impact on our near, mid and long-term development plans.
The re-introduction of human operators comes just as Texas State lawmakers are reviewing House Bill 4402 – a proposed law just passed out of the Texas House Committee on Transportation and would require trained human operators in autonomous vehicles, effectively banning fully self driving semi trucks in Texas.
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“Requiring a human operator in a driverless truck isn’t unreasonable — it’s common sense,” says Brent Taylor, President of Teamsters Joint Council 80 in Dallas, Texas, and Southern Region International Vice President. Adding, that, “there are hundreds of thousands of Texans who turn a key for a living. They have mortgages, medical bills, and families to support. We can’t let out-of-state billionaires steal their jobs with reckless automation. We must protect their livelihoods by passing this critical bill into law.”
The Teamsters have supported a number of bills nationwide that require human operators in autonomous commercial vehicles, including two such bills that have passed both houses in California, only to be vetoed by Governor Gavin Newsom.
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A federal court judge in Michigan has placed the once-promising electric truck brand Bollinger Motors’ assets into receivership following claims that the company’s owners still owe its founder, Robert Bollinger, more than $10 million.
UPDATE: Bollinger CEO, Bryan Chambers, says all is not lost.
Last week, we wrote about a multimillion dollar lawsuit that had thrown the Bollinger Brand into receivership, figuring that would be it for the startup electric truck brand. But our friends at Clean Trucking were able to connect with Bollinger CEO, Bryan Chambers, who says all is not lost.
“Receivership does not necessarily mean a company is headed toward liquidation,” explained Chambers. “In fact, receivership is often used to avoid liquidation and can be the best course of action to help a company move forward … we continue to sell and service our trucks and support our dealers and customers.”
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You can read more about Chambers’ comments here, and check out the original article (and official Michigan court filings) below.
Now, Automotive News is reporting on some of the more convoluted details of the deal, with Robert (for ease of distinguishing the man from the brand) claiming that Mullen Automotive owes him more than $10 million for a loan he made to the company in 2024.
Bollinger claims that at least two suppliers are also suing the company for unpaid debts. As such, the Honorable Terrence G. Berg has put the Bollinger brand into receivership, and its assets have been frozen in preparation for everything being liquidated. Worse, for Bollinger, the official court filings reveal a company that is really very much doing not awesome:
The testimony and evidence—which Defendant’s counsel conceded accurately reflected Defendant’s finances—showed that Defendant is in crisis. For months Defendant has owed more than twenty million dollars to suppliers, contractors, service providers, and owners of physical space. These debts are owed to parties who are critical for Defendant’s functioning. CEO Bryan Chambers testified that Defendant was locked out of its production facilities on May 5, 2025, and that the owner of the production facilities was seeking to permanently evict Defendant. The Court heard that Defendant had been prevented from accessing its critical manufacturing accounting system for a short time at the end of April 2025, before making a partial payment to restart services.
You can read the full court decision, which I’ve embedded here, below. Once you’ve taken it all in, feel free to rush into the comments to say you told me so, since I really thought hoped the Bollinger B1 had a shot. Silly me.
Crypto investor Nicholas Pinto attends President Donald Trump’s gala dinner for people who spent the most money on Trump’s meme coin, $TRUMP, in a contest, at Trump National Golf Club in Potomac Falls, Virginia, May 22, 2025.
Nicholas Pinto
The price of President Donald Trump‘s meme coin plunged 16% as of Friday morning, just hours after he hosted a black-tie gala at his Virginia golf club for its biggest buyers — an elite crowd that spent a combined $148 million on the token for the chance to be there.
It was billed as “the most exclusive invitation in the world.”
Among the 220 attendees were crypto influencers, industry executives such as Sandy Carter of Unstoppable Domains, and former NBA star Lamar Odom, who used the occasion to praise Trump as “the greatest president” and promote his own token, $ODOM.
The top 25 wallets were promised a private reception and guided tour. Others, such as 25-year-old Nicholas Pinto — whose dad drove him to the event in his Lamborghini — left underwhelmed and still hungry.
“The food sucked,” Pinto said. “Wasn’t given any drinks other than water or Trump’s wine. I don’t drink, so I had water. My glass was only filled once.”
Trump made only a brief appearance, Pinto said. “He didn’t talk to any of the 220 guests — maybe the top 25,” he said.
All in, the president was there for 23 minutes, Pinto said. Trump delivered a brief address rehashing old crypto talking points then left on a helicopter before taking any questions or pictures with his meme coin contest winners, he said.
Phones weren’t locked in RFID pouches, and security was lax, according to Pinto.
“Once Trump left, they didn’t really worry about anything else,” Pinto added.
Contest winners who spent the most on $TRUMP meme coins added their signatures to a poster-sized printout of the leaderboard at a gala dinner at Trump National Golf Club in Potomac Falls, Virginia, May 22, 2025.
Nicholas Pinto
The crowd’s opulence was on full display.
“Richard Mille watches weren’t even rare,” Pinto said. “I saw at least 16 people wearing them. I never see that unless I’m at a high-end restaurant in Miami or Dubai.”
But the vibe was more muted than expected, he said: “Lots of people didn’t even hold the coin anymore. They were checking their phones during dinner to see if the price moved.”
CNBC has reached out to Trump representatives for comment on the dinner and attendees.
Protests
For lawmakers and regulators, the dinner set off alarm bells.
The #1 token holder was Chinese-born crypto mogul Justin Sun, who is currently facing Securities and Exchange Commission fraud charges that were recently paused, with the agency citing “the public interest.”
Sun holds over $22 million in the $TRUMP token and another $75 million in World Liberty Financial’s native token.
“As the top holder of $TRUMP and proud supporter of President Trump, it was an honor to attend the Trump Gala Dinner,” Sun posted on Friday. “Thank you @POTUS for your unwavering support of our industry!”
Outside the gates of Trump National Golf Club in Potomac Falls, Virginia, about a hundred protesters gathered, according to NBC News. Sen. Jeff Merkley, D-Ore., joined them, backing a new End Crypto Corruption Act with Senate Minority Leader Chuck Schumer, D-N.Y.
Signs read “Crypto Corruption” and “Trump is a traitor.”
Crypto on Capitol Hill
“The Trump family activity in the memecoin space makes my work in Congress more complicated,” Rep. French Hill, R-Ark., told CNBC on Friday.
Hill, who’s leading negotiations on a bipartisan stablecoin regulation bill known as the GENIUS Act, called the gala “a distraction from the good work we need to do.”
Now, the GENIUS Act is at risk.
Sen. Josh Hawley, R-Mo., recently added a controversial rider to the bill that would cap credit card late fees — what’s seen as a poison pill that could alienate banking allies and stall final approval.
President Donald Trump speaks at a dinner for meme coin contest winners at Trump National Golf Club in Potomac Falls, Virginia, May 22, 2025.
Nicholas Pinto
On Thursday night as the meme coin contest dinner was underway, a bloc of Senate Democrats announced they’d be pushing for a new provision that would ban presidents and senior officials from profiting off crypto ventures while in office — a direct challenge to the Trump-linked stablecoin USD1 that launched in the spring.
In Washington, there’s growing concern that political infighting over Trump’s crypto ventures could derail the stablecoin bill altogether. That poses an even bigger risk.
According to The Wall Street Journal, major banks including JPMorgan, Bank of America and Citi are in early talks to issue a unified digital dollar to compete with Tether, the foreign-controlled stablecoin that now commands over 60% of global market share.
Those plans hinge on legal clarity.
If the GENIUS Act stalls, the U.S. could lose its window to regain ground in the global race for digital payments.
The White House has tried to draw a line between Trump the president and Trump the private businessman.
“The president is attending it in his personal time. It is not a White House dinner,” press secretary Karoline Leavitt told reporters when pressed on attendee transparency.
The administration declined to release a guest list. But blockchain data — and a patchwork of guest photos — tell part of the story.
A Bloomberg News analysis found that all but six of the top 25 wallets used foreign exchanges, ostensibly off-limits to U.S. users. More than half of the top 220 wallets were linked to similar offshore platforms.
One Nasdaq-listed penny stock, Freight Technologies, disclosed in an SEC filing that it spent $2 million on Trump’s token to push U.S.-Mexico trade policy. It didn’t make the cut for the dinner — finishing 250th.
Since its January debut, the $TRUMP coin has generated more than $324 million in trading fees. Roughly 80% of the $TRUMP token supply is controlled by the Trump Organization and affiliates, according to the project’s website.
WLFI, the Trump’s parallel token, has sold $550 million in two token sales.
Still, White House AI and crypto czar David Sacks remained bullish on “significant bipartisan support” for stablecoin legislation.
“We already have over $200 billion in stablecoins — it’s just unregulated,” Sacks told CNBC’s “Closing Bell Overtime” on Wednesday. “If we provide the legal clarity and legal framework for this, I think we could create trillions of dollars of demand for our Treasurys practically overnight, very quickly.”
“We have every expectation now that it’s going to pass,” added Sacks, though he didn’t answer a question about concerns from Democrats that there aren’t sufficient safeguards in place to keep the president and his family from profiting from legislation.
The Trumps are financial backers of World Liberty Financial, which is behind the USD1 stablecoin that is backed by Treasurys and dollar deposits.
Abu Dhabi’s MGX investment fund recently pledged $2 billion in USD1 to Binance, the world’s largest digital assets exchange. It’s the company’s largest-ever investment made in crypto.