Stellantis & Foxconn to Develop Vehicle Technology Services Through Joint Venture
Stellantis – the carmaker recently formed by the merger of Fiat Chrysler and PSA Group – and Taiwan-based technology company Foxconn are planning to create a joint venture to develop innovative in-vehicle technology and connected services.
The companies have signed a non-binding memorandum of understanding to form Mobile Drive, which they say will combine Stellantis’ global vehicle design and engineering expertise with Foxconn’s global development in software and hardware realms of smartphones and consumer electronics.
Mobile Drive will focus on infotainment, telematics and cloud service platform development with software innovations expected to include artificial intelligence-based applications, 5G communication, upgraded over-the-air services, e-commerce opportunities and smart cockpit integrations.
“Today, there’s something that matters just as much as beautiful design or innovative technology, it’s how the features inside our vehicles improve the lives of our customers,” said Carlos Tavares, Chief Executive Officer at Stellantis. “Software is a strategic move for our industry and Stellantis intends to lead with Mobile Drive, a company that will enable the swift development of connectivity features and services that mark the next great evolution of our industry, just as electrification technology has.”
All development by Mobile Drive will be co-owned by Stellantis and Foxconn, and the Netherlands-based joint venture will operate as an automotive supplier, bidding to supply software solutions and related hardware for Stellantis and other interested automakers.
21 June 2021