Foxconn, with its subsidiary FIH Mobile and Stellantis on Monday, announced that they have entered into a joint venture agreement.
The JV named Mobile Drive will focus on delivering a smart cockpit solution for vehicles that will disrupt current design conventions and foster the development of intelligent connected vehicles.
This update comes after a Memorandum of Understanding (MOU) was initially signed on 18 May 2021.
Mobile Drive will be equally owned by Stellantis and FIH, the company said in a press release.
The partnership has combined Foxconn’s capabilities in the ICT industry and smart solutions with Stellantis’ expertise in the automotive sector, ensuring the growth of Mobile Drive.
Through this innovative partnership, Stellantis will accelerate the execution of the technology roadmap. The shared technology expertise, market experience and intellectual property from both entities will lend to creating an outstanding onboard experience. As a result, product development and technology gains will be expedited by integrating global supply chains.
Mobile Drive will focus on developing infotainment and telematics solutions and a cloud service platform, which will aim to deliver a comprehensive smart cockpit solution.
Its roadmap of software innovations will include artificial intelligence-based applications, navigation, voice assistance, e-commerce store operations, and payment services integration, amongst others. The hardware innovations will be related to the smart cockpit and telematics box.
Through the exchange of intellectual property by its founding entities and the vertical integration of respective supply chains, Mobile Drive will create industry-leading automotive digital services to achieve a seamless user experience in and outside the vehicle.
In the future, the smart cockpit solution will be available to all Stellantis vehicles and third-party vehicle manufacturers, expanding the reach and impact of the Mobile Drive venture as it aims to be a global leader in the smart cockpit and connected vehicle solutions.