Skip to main content

Market Overview

Stellantis, Foxconn To Elaborate On Newly Formed Partnership

Stellantis, Foxconn To Elaborate On Newly Formed Partnership
  • Jeep maker Stellantis NV (NYSE: STLA), Apple Inc’s (NASDAQ: AAPL) iPhone assembler Foxconn Technology Co Ltd (OTC: FXCOF), along with subsidiary FIH Mobile Ltd (OTC: FXCNF) (OTC: FXCNY), will announce a new strategic partnership on May 18, 2021, via the link.
  • The new partnership may be focused on the collaboration on a smart cockpit or in-car digital services.
  • Last year, Foxconn’s electric vehicle joint venture plans with Fiat Chrysler had to be shelved following Fiat’s merger with France’s Peugeot maker PSA to form Stellantis.
  • Earlier this year, Fiat Chrysler had merged with PSA to relaunch in China, Reuters reports.
  • Foxconn revealed its first EV chassis and a software platform in Oct. It also outlined plans to release a solid-state battery by 2024. The company also forged deals with Chinese EV startup Byton Ltd. and U.S.’s Fisker Inc (NYSE: FSR).
  • Foxconn’s strong presence in China could provide a significant boost to Stellantis’s position.
  • Price action: STLA shares traded higher by 0.33% at $18.21 in the premarket session on the last check Monday.

Related Articles (FXCOF + STLA)

View Comments and Join the Discussion!

Posted-In: BriefsNews Penny Stocks Small Cap Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at