The Netherlands-based joint venture will operate as an automotive supplier
Foxconn, the world’s largest contract electronics manufacturer has teamed up with Dutch automotive giant Stellantis to sign a non-binding memorandum of understanding to jointly build and supply in-car and connected-car technologies.
Mobile Drive, a 50/50 voting rights joint venture 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 customer expectations, the company said.
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.
It added that the combination of Stellantis and Foxconn’s expertise will position Mobile Drive at the forefront of global efforts to deliver a new frontier of in-cabin information and entertainment capabilities, seamlessly connected inside and outside the vehicles in which they are installed.
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.
“Today, there’s something that matters just as much as beautiful design or innovative technology, it’s how the features inside our vehicles improve the lives of our customers,” said Carlos Tavares, Chief Executive Officer at Stellantis. “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.”
“The vehicles of the future will be increasingly software-driven and software-defined,” said Chairman Young Liu at Foxconn. “This is a natural extension of Foxconn’s global leadership in the development and application of smart technologies to improve the quality of life of consumers around the world.”
All development by Mobile Drive will be co-owned by Stellantis and Foxconn.
