Named Sony Mobility, the new division is expected to launch this spring. The Japanese company also reported showing a prototype of its second electric vehicle, the seven-seater VISION-S 02 SUV, at the show. Last year, the company also unveiled the company’s first concept car, the VISION-S 01 electric sedan, at CES.

It is not yet clear whether Sony will start mass production of its vehicles. At the same time, the company’s chairman and CEO said they were looking into the possibility of commercializing their electric vehicles.

On Wednesday, Sony’s stock rose 3.67 percent on the Tokyo Stock Exchange, whose benchmark, Nikkei225, closed up 0.10 percent.