The new mixed company created by Stellantis and Foxconn is called Mobile Drive. Announced last May and the result of negotiations lasting a year and a half, the joint venture between Foxconn, aka Hon Hai Precision Industry (the Taiwanese giant that also produces iPhones), its subsidiary FIH Mobile and Stellantis comes to life.
Mobile Drive will focus on providing next-generation instrument clusters, infotainmnet systems and digital interfaces for connected vehicles The signing of the agreement comes after a memorandum of understanding (MOU) was initially signed on May 18, 2021.
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Mobile Drive will be owned by Stellantis and FIH on an equal basis. The partnership combined Foxconn’s ICT and smart solution capabilities with Stellantis’ automotive experience, ensuring the growth of Mobile Drive. Mobile Drive will focus on developing infotainment and telematics solutions, as well as a cloud services platform,
The software activities will also include AI-based applications, navigation, voice assistance, e-commerce store operations and payment service integration.