FIH Mobile and Stellantis create a joint venture to
FIH Mobile and Stellantis Establish a joint venture to provide intelligent and disruptive cockpit solutions for the automotive industry
- Mobile Drive to be 50/50 owned by Stellantis and Foxconn Technology Group
- Stellantis accelerates the execution of its technology roadmap thanks to an innovative partnership
- The shared technological expertise, market experience and intellectual property of the two entities will create an exceptional on-board experience
- Product development and technological gains will be accelerated through the integration of global supply chains
- The management team of the new entity will be made up of senior executives from each company.
AMSTERDAM, TAIPEI, August 24, 2021 – Hon Hai Precision Industry Co., Ltd., (âFoxconnâ) (TPE: 2317) with its subsidiary FIH Mobile Ltd., (âFIHâ) (HKG: 2038) and Stellantis NV ( NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) today announced that it has entered into a joint venture agreement. Mobile Drive, the joint venture entity, will focus on delivering a smart cockpit solution for vehicles that will disrupt current design conventions and foster the development of smart connected vehicles. This update comes after the initial signing of ” a Memorandum of Understanding (MOU) on May 18, 2021.
Mobile Drive will be owned equally by Stellantis and FIH. The partnership combined Foxconn’s capabilities in the ICT industry and smart solutions, with Stellantis’ expertise in the automotive sector, ensuring the growth of Mobile Drive.
Mobile Drive will focus on the development of infotainment and telematics solutions as well as a cloud services platform, which will aim to provide a complete intelligent cockpit solution. Its software innovation roadmap will include applications based on artificial intelligence, navigation, voice assistance, e-commerce store operations, and payment service integration, among others. The material innovations will be linked to the smart cockpit and the telematics box.
Through the exchange of intellectual property by its founding entities and the vertical integration of the respective supply chains, Mobile Drive will be able to create cutting-edge automotive digital services to deliver a seamless user experience inside and out. the exterior of the vehicle. Going forward, the smart cockpit solution will not only be available for all Stellantis vehicles, but also for third-party vehicle manufacturers, expanding the reach and impact of the Mobile Drive business as it aims to be a global leader. in the smart and connected cockpit. vehicle solutions.
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Founded in Taiwan in 1974, Hon Hai Precision Industry Co., Ltd., (âFoxconnâ) (TPE: 2317) is the world’s largest electronics manufacturer. Foxconn is also the leading provider of technology solutions and continuously leverages its software and hardware expertise to integrate its unique manufacturing systems with emerging technologies. To learn more, visit www.honhai.com.
A subsidiary of Hon Hai Precision Industry and a leader in the global mobile device industry, FIH provides vertically integrated and end-to-end design, development and manufacturing services covering handsets, mobiles and Wi-Fi networks.without communication devices and consumer electronics. Moving in the internet age, FIH has leveraged its core strengths in hardware and software to enter 5G, AI, IoT and IoV (Internet of vehicles), construction of a complete Internet and mobile ecosystemtem.
Stellantis is one of the world’s leading automakers and mobility provider, guided by a clear vision: to deliver freedom of movement with distinctive, affordable and reliable mobility solutions. In addition to the Group’s rich heritage and its vast geography presence, its greatest strengths lie in its long-lasting performance, in-depth experience and the diverse talents of its employees working around the world. Stellantis will leverage its extensive portfolio of iconic brands, which Was found by visionaries who infuse brands with a passion and a competitive spirit that speaks to both employees and customers. Stellantis aspires to become the greatest, not the greatest while creating Added value for all stakeholders as well as the communities in which it operateseat.
For more information, contact:
Molly SHIH: +886 2 2268 5511 # 64653 – [email protected]
Jimmy HUANG: +866 2 2268 3466 – [email protected]
Pierre OLIVIER SAUMON: +33 6 76 86 45 48 – [email protected]
ValÃ©rie GILLOT: +33 6 83 92 92 96 – valerie.g[email protected]
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