Stellantis, Foxconn To Elaborate On Newly Formed Partnership

  • Jeep maker Stellantis NV STLAApple Inc’s AAPL iPhone assembler Foxconn Technology Co Ltd FXCOF, along with subsidiary FIH Mobile Ltd FXCNF FXCNYwill 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 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.

Posted In: BriefsNewsPenny StocksSmall CapTechMedia

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.