Stellantis and Foxconn create the Mobile Drive joint venture

Stellantis and LG Energy Solution today announced that their companies have entered into a memorandum of understanding to form a joint venture to produce battery cells and modules for North America. The transaction is subject to agreement on definitive documentation and customary closing conditions, including regulatory approvals. The parties intend that the joint venture will establish a new battery manufacturing...

19 October 2021

Hon Hai Technology Group (Foxconn) introduced for the first time, three autonomously developed electric vehicles under the Foxtron brand: the Model C recreational vehicle, the Model E sedan, and the Model T electric bus. The announcement was made during the live-streamed Hon Hai Tech Day 2021 (HHTD21) event, underlining Hon Hai's commitment to becoming a global next-generation automotive manufacturer. The Model C is...

19 October 2021

Lordstown Motors Corp. and Hon Hai Technology Group (Foxconn) announced that they have reached an agreement in principle to work jointly on Lordstown Motors' electric vehicle programs in Lordstown Motors' 6.2 million square foot production and assembly plant in Lordstown, Ohio. Beyond certain customary provisions, the Agreement is non-binding and subject to the negotiation and execution of definitive agreements. The...

1 October 2021

Mercedes-Benz is taking an equity stake in European battery cell manufacturer Automotive Cells Company (ACC) to scale up development and production of next-generation high-performance battery cells and modules. As announced in July 2021, Mercedes-Benz will be ready to go fully electric by the end of the decade – wherever market conditions allow. To reach its target, the company needs a total battery production...

24 September 2021

Foxconn (Hon Hai Precision Industry) together with its subsidiary FIH Mobile and Stellantis announced that they have entered into a joint venture agreement. Mobile Drive, the joint venture entity, 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...

24 August 2021

South Korean news outlet The Elec reports that Samsung SDI has won a contract for manufacturing batteries for Volkswagen. According to "people familiar with the matter", the Korean giant will produce a part of VW's self-designed Unified Prismatic Cells. The media speculates that other companies in which Volkswagen has a stake will also contribute to the production of these battery cells. These are Northvolt and...

5 August 2021

Today, Ford, GM and Stellantis announce their shared aspiration to achieve sales of 40-50% of annual U.S. volumes of electric vehicles (battery electric, fuel cell and plug-in hybrid vehicles) by 2030 in order to move the nation closer to a zero-emissions future consistent with Paris climate goals. Our recent product, technology, and investment announcements highlight our collective commitment to be leaders in the...

5 August 2021

SVOLT announces its partnership with automotive holding company Stellantis. With its brands including Chrysler, Citroën, Fiat, Opel and Peugeot, Stellantis is one of the world’s leading automotive manufacturers and mobility providers. On 8 July 2021, Stellantis presented a comprehensive electrification strategy for the company's brands at its "EV Day 2021". The strategy is based on four flexible BEV-by-design...

14 July 2021

Stellantis unveiled its electrification strategy by 2030. It plans to invest more than €30 billion through 2025 in electrification and software. By 2030, the company will aim to achieve 70% of sales in Europe and 40% in the USA to be low emission vehicles. All 14 brands under Stellantis are committed to offering best-in-class fully electrified solutions. These will include the creation of four flexible BEV-by-design...

9 July 2021

Stellantis today announced a £100 million investment in Vauxhall's production plant at Ellesmere Port to transform the site for the new era of electric vehicle manufacturing. At the end of next year, Ellesmere Port will be the first Stellantis plant to produce exclusively purely battery-electric models both in the light commercial vehicle version and in the passenger car version for the Vauxhall, Opel, Peugeot and...

6 July 2021

On Thursdau, July 8, 2021, Stellantis will host its EV Day 2021 - a digital event that will focus on the company's EV strategy. It will commence at 2:30 pm CEST / 8:30 am EDT.

3 July 2021

Fisker has announced it has signed framework agreements with Foxconn (Hon Hai Technology Group) for the joint development and manufacturing of EVs under the Project PEAR (Personal Electric Automotive Revolution). This project includes the joint work on a new lightweight platform designated FP28. The aim is to introduce breakthrough vehicles priced at under USD 30,000. Production is scheduled to start in the US in Q4...

14 May 2021

Stellantis, created by the merger of Fiat Chrysler and PSA, prepares aggressively for an EV future. Carlos Tavares, the company CEO, revealed its electrification plans during the first annual meeting of Stellantis. First, in 2021, the company plans to triple the sales of electrified vehicles (all-electric and hybrids) in the USA. This sums up to roughly 400,000 vehicles this year or 14% of overall sales. By 2030 it...

18 April 2021

Zhejiang Geely Holding Group (Geely Holding) and Foxconn Technology Group (Foxconn) signed a strategic cooperative agreement that will establish a joint venture company to provide OEM production and comprehensive customized consulting services relating to whole vehicles, parts, intelligent drive systems, automotive ecosystem platforms, electric vehicle industry value chain, etc to global automotive enterprises. The...

18 January 2021