Stellantis, Foxconn to form car technology JV focused on connectivity

Carmaker Stellantis and iPhone assembler Foxconn said on Tuesday they plan to create a joint venture to supply in-car and connected-car technologies across the auto industry.

The two companies have signed a non-binding memorandum of understanding to form Mobile Drive, a 50-50 joint venture based in the Netherlands, focused on infotainment, telematics and cloud service platform development.

Mobile Drive will operate as an automotive supplier and take part in tenders to provide software systems and related hardware for Stellantis and other interested automakers, the companies said in a joint statement.

The software developed will include artificial intelligence-based applications, 5G communication, upgraded over-the-air services, e-commerce opportunities and smart cockpit integrations, they added.