Stellantis, Foxconn JV for Digital Cockpits, Connected Services

Stellantis NV (NYSE / MTA / Euronext Paris: STLA) and Hon Hai Precision Industry Co., Ltd., (“Foxconn”) (TPE: 2317), together with its subsidiary FIH Mobile Ltd., (“FIH”) (HKG:2038), today announced the signing of a non-binding memorandum of understanding to form Mobile Drive, a 50/50 voting rights joint venture aimed at accelerating development timelines to bring “in-vehicle user experiences enabled by advanced consumer electronics, HMI interfaces and services.”

Leaving the marketing babble aside, Mobile Drive will combine Stellantis’ global vehicle design and engineering with Foxconn’s development in the changing software and hardware realms of smartphones and consumer electronics. It’s hoped that the combination will position Mobile Drive ahead of other automakers in the global race to global provide in-cabin information and entertainment capabilities. At best these could be connected inside and outside the vehicles in which they are installed.

“Software is a strategic move for our industry and Stellantis intends to lead with Mobile Drive, a company that will enable the swift development of connectivity features and services that mark the next great evolution of our industry, just as electrification technology has,” said Carlos Tavares, Chief Executive Officer at Stellantis, a mega merger of now defunct FCA and PSA.*

All development by Mobile Drive will be co-owned by Stellantis and Foxconn. The Netherlands- based joint venture will operate as an automotive supplier, competitively bidding to supply software solutions and related hardware for Stellantis and other interested automakers.

Mobile Drive will focus on infotainment, telematics and cloud service platform development with software innovations expected to include artificial intelligence-based applications, 5G communication, upgraded over-the-air services, e-commerce opportunities and smart cockpit integrations.

*AutoInformed on

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