FIH Mobil and Stellantis Foundation of a joint venture to provide disruptive, intelligent cockpit solutions for the automotive industry
- Mobile Drive is equally owned by Stellantis and Foxconn Technology Group
- Stellantis accelerates the implementation of the technology roadmap through innovative partnership
- Joint technology know-how, market experience and intellectual property of both companies will help to create an outstanding border experience
- Product development and technology gains are accelerated by integrating global supply chains
- The management team for the new unit will consist of senior executives from each company
AMSTERDAM, TAIPEI, Aug 24, 2021 – Hon Hai Precision Industry Co., Ltd. (“Foxconn”) (TPE: 2317) together with its subsidiary FIH Mobile Ltd. (“FIH”) (HKG: 2038) and Stellantis NV (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today that they have entered into a joint venture agreement. Mobile Drive, the joint venture company, will focus on providing an intelligent cockpit solution for vehicles disrupting current design conventions and promoting the development of intelligent connected vehicles, this update will come after the signing of a Memorandum of Understanding (MOU) on May 18, 2021.
Mobile Drive is held equally by Stellantis and FIH. The partnership has combined Foxconn’s capabilities in the ICT industry and intelligent solutions with Stellantis’ expertise in the automotive sector and ensured the growth of Mobile Drive.
Mobile Drive will focus on developing infotainment and telematics solutions as well as a cloud service platform that aims to provide a comprehensive smart cockpit solution. The software innovation roadmap will include applications based on artificial intelligence, navigation, voice assistance, e-commerce, and payment integration, among others. The hardware innovations relate to the Smart Cockpit and the telematics box.
By sharing intellectual property among its founding companies and vertically integrating their respective supply chains, Mobile Drive will be able to create industry-leading digital automotive services to achieve a seamless user experience inside and outside the vehicle. In the future, the Smart Cockpit solution will not only be available for all Stellantis vehicles, but also for third-party vehicle manufacturers.
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Hon Hai Precision Industry Co., Ltd. (“Foxconn”) (TPE: 2317) was founded in Taiwan in 1974 and is the world’s largest electronics manufacturer. Foxconn is also the leading provider of technological solutions and continuously uses its software and hardware expertise to integrate its unique manufacturing systems with new technologies. To learn more, visit www.honhai.com.
As a subsidiary of Hon Hai Precision Industry and a leader in the global mobile device industry, FIH provides vertically integrated end-to-end design, development and manufacturing services that encompass cell phones, mobile and wireless communication devices and consumer electronics products. On the way into the Internet age, FIH used its core competencies in hardware and software to enter the areas of 5G, AI, IoT and IoV (Internet of Vehicle) and to build a complete Internet and mobile ecosystem.
Stellantis is one of the world’s leading automobile manufacturers and mobility providers, guided by a clear vision: to offer freedom of movement with distinctive, affordable and reliable mobility solutions. In addition to the Group’s rich heritage and broad geographic presence, its greatest strengths lie in its sustainable performance, years of experience and the diverse talents of its global workforce. Stellantis will leverage its broad and iconic brand portfolio founded by visionaries who have shaped the brands with passion and a competitive spirit that appeals to employees and customers alike. Stellantis strives to become the greatest, not the greatest, while creating value for all stakeholders as well as the communities in which it operates.
For more information contact:
Molly SHIH: +886 2 2268 5511 # 64653 – [email protected]
Jimmy HUANG: +866 2 2268 3466 – [email protected]
Pierre OLIVIER SALMON: +33 6 76 86 45 48 – [email protected]
Valerie GILLOT: +33 6 83 92 92 96 – [email protected]
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