Stellantis And Foxconn Announce Tech-Focused Joint Venture
Earlier this week, Stellantis announced they had struck a strategic partnership with Foxconn. While many believed it would involve electric vehicles, that’s not the case as the alliance is tech-focused. In particular, the two companies have signed a non-binding memorandum of understanding to create a joint venture named Mobile Drive. The companies will have equal voting rights in the new entity, which is aimed at “accelerating development timelines to bring innovative in-vehicle user experiences enabled by advanced consumer electronics, HMI interfaces and services that will exceed custome...