Hyperdrive

iPhone Maker Foxconn May Conquer Car Cockpits With Stellantis

  • Phone assembler and carmaker sign non-binding agreement for JV
  • Mobile Drive unit could supply to other auto manufacturers

Source: Stellantis NV

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Hon Hai Precision Industry Co. signed an agreement to partner with Jeep maker Stellantis NV, one of the world’s biggest automakers, on a joint venture to jointly develop digital car cockpits.

The main assembler of Apple Inc.’s iPhones and the carmaker formed from the merger of Fiat Chrysler and PSA Group said in a statementBloomberg Terminal Tuesday they reached a non-binding deal to form Mobile Drive, a joint venture that could supply both Stellantis and other auto manufacturers.