Categories: Industry

Stellantis, Foxconn conform to kind JV for related automotive applied sciences

MILAN — Stellantis and iPhone assembler Foxconn mentioned they agreed to create a three way partnership that can provide in-car and connected-car applied sciences.

The 2 firms have signed a non-binding memorandum of understanding to kind Cell Drive, a 50-50 three way partnership primarily based within the Netherlands.

Cell Drive will function as an automotive provider, and participate in tenders to supply software program applications and associated {hardware} for Stellantis and different automakers, the businesses mentioned in a joint statement on Tuesday.

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