Stellantis and Foxconn create the Mobile Drive joint venture

Yesterday, Foxconn (Hon Hai Technology Group) held a groundbreaking ceremony for the Hon Hai Battery Cell Research & New Product Introduction Center at the Hofa Industrial Park in Kaohsiung City, Taiwan. The company will invest at least NT$6 billion (US$202 million) in this battery cell R&D center. The battery production unit is planned to have an annual production capacity of 1GWh in 2024. The cells manufactured...

16 June 2022

Korean news outlet The Elec reports that according to its sources Samsung SDI is testing at least two versions of 4680 cylinder batteries which it started developing for Tesla. One of the variants follows the original specification announced by the brand. Another variant has a lower than 80 mm height - between 40 and 60 mm, while retaining the 46 mm diameter. The change in height is to make Samsung SDI's batteries...

1 June 2022

Lordstown Motors announced that it has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn). As previously disclosed, on November 10, 2021, Lordstown Motors and Foxconn entered into an Asset Purchase Agreement ("APA") providing for the sale of LMC's Lordstown, Ohio vehicle...

12 May 2022

Fisker confirmed that it will produce its second vehicle, the Fisker PEAR, at a factory Foxconn (Hon Hai Precision Industry Co. Ltd.) acquired in Ohio. The Fisker PEAR will enter production in 2024. Both the Fisker and Foxconn teams are fully engaged and expect to build a minimum of 250,000 Fisker PEAR units a year at the plant after a ramp-up period. The Fisker PEAR follows the company’s first vehicle, the Fisker...

12 May 2022

The Chrysler Airflow Concept originally debuted at the 2022 Consumer Electronics Show (CES) in Las Vegas, but with the new Graphite, Chrysler offers a reimagined look at the brand’s journey to a fully electric future. The Chrysler Airflow Graphite Concept features a new Galaxy Black exterior and Cyprus Copper interior and exterior accents to bring out a sleek, refined new personality for the Airflow Concept’s...

13 April 2022

Stellantis N.V. and LG Energy Solution (LGES) today announced they have executed binding, definitive agreements to establish the first large-scale, domestic, electric-vehicle battery manufacturing facility in Canada. The joint venture company will produce leading edge lithium-ion battery cells and modules to meet a significant portion of Stellantis’ vehicle production requirements in North America. The joint venture...

24 March 2022

Mercedes-Benz, Stellantis, and TotalEnergies/Saft signed a deal to become equal partners in Automotive Cells Company (ACC), completing a transaction announced in September 2021. The partners have committed to increase ACC’s industrial capacity to at least 120 Gigawatt hours (GWh) by 2030 and to scale up the development and production of next-generation high-performance battery cells and modules. As part of the...

24 March 2022

Together with its partners, Stellantis supports Automotive Cells Company’s (ACC) growth plans as it intends to transform Stellantis’ existing Termoli plant in Italy to a new battery facility and finalizes the agreement to add Mercedes-Benz as a new, equal partner with TotalEnergies/Saft and Stellantis. The partners have also committed to increasing ACC’s industrial capacity to at least 120GWh by 2030 and to scale up...

23 March 2022

During its Dare Forward 2030 presentation, Stellantis teased two of its upcoming BEVs. The first is the all-electric Jeep SUV. It will launch in early 2023. Moreover, Jeep will have an electrified vehicle in every segment by 2025 as part of the Stellantis strategy. The second vehicle is the new Ram 1500 BEV pickup truck which is scheduled for a 2024 launch.

2 March 2022

Stellantis has unveiled its Dare Forward 2030 - a strategic plan for the next decade that will help the brand reach carbon net-zero emissions by 2038, with a 50% reduction by 2030. Taking a leadership role in decarbonization, as well as a decisive step forward in the circular economy, is the brand's contribution to a sustainable future. As part of that leadership, Stellantis is setting the course for 100% of sales...

2 March 2022

At the Dutch competition, dedicated to company cars, the New Fiat 500 was named "Electric Car of 2022" in the midsize car category. In total, 36 brands and 67 models participated in the competition, which was judged by a jury consisting of representatives from Vereniging Zakelijke Rijders (VZR), the Dutch association of company car drivers, the companies Eneco and LeasePlan, as well as AutoWeek and Algemeen Dagblad...

18 February 2022

Fisker is now accepting reservations for its second product, the Fisker PEAR, opening the door to the Personal Electric Automotive Revolution. The all-electric Fisker PEAR blends sustainability, technology, and design into a digitally connected, compact, five-passenger urban EV. Featuring intuitive controls, sporty driving, clever storage, and a focus on industry firsts, the Fisker PEAR will start at $29,900 before...

15 February 2022

Stellantis announced the plan to increase its shareholding in GAC-Stellantis from 50% to 75%. The announcement is a key element of Stellantis' plan to set a new basis for its business in China. GAC Group and Stellantis have agreed to collaboratively complete the relevant formalities of the deal, which remains subject to the approval of the Chinese government. GAC-Stellantis is a joint venture formed between China...

27 January 2022

Technology powers Stellantis' global drive to deliver breakthrough technologies and customer-centric solutions that power the future of our 14 iconic brands. CES 2022 in Las Vegas, Nevada, on January 5-8, 2022, offers visitors a look at key vehicles and advanced technologies from Stellantis' global portfolio, tangible waypoints on Stellantis’ journey to reimagine and transform the future of mobility for generations...

21 December 2021