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/PRNewswire/ The 2nd Qingdao Multinationals Summit will be held in Qingdao, Shandong province, China from July 15 to 16, 2021. To maximize the impact of the.
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Stellantis, Foxconn finalize strategic partnership
Stellantis, Foxconn finalize strategic partnership
Companies have been discussing JV for electric vehicles, initially focused on China
Reuters
MILAN Stellantis and iPhone assembler Foxconn will announce a strategic partnership on Tuesday.
Fiat Chrysler Automobiles, now part of Stellantis, said in January it planned to set up a joint venture with Hon Hai Precision Industry, Foxconn s parent company, to build electric cars and develop Internet-connected vehicles, initially focused on the Chinese market.
Efforts to finalize the partnership were put off by FCA s merger with PSA Group to form Stellantis, which was completed in January.
A relaunch in China is one of the main goals of Stellantis.