Stellantis and Foxconn sign Mobile Drive Joint Venture

Stellantis and Hon Hai Precision Industry Co., Ltd., (“Foxconn”), together with its subsidiary FIH Mobile, 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 innovative in-vehicle user experiences enabled by advanced consumer electronics, HMI interfaces and services.