Sony Group (SONY) and Honda Motor's (HMC) joint electric car project's operating loss widened to 52 billion Japanese yen ($360.6 million) in its latest fiscal year through March from 20.5 billion yen a year earlier, Bloomberg News reported.

The Sony Honda Mobility venture is scheduled to launch the sale of the Afeela electric vehicle this year with a sticker price beginning at $89,900, according to the report.

The company did not immediately respond to MT Newswires' request for comment.

Honda shares were down 1.8% in recent premarket activity Monday, while Sony fell 1.7%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)