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New Deal


Announced

FIH Mobile and Stellantis to form a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Friendly

Private

Single Bidder

Taiwan

Automobiles

Pending

Joint Venture

automobile manufacturer

Cross Border

Synopsis

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FIH Mobile, a subsidiary of Foxconn offering services such as product development and after-sales support, and Stellantis, a Dutch-domiciled multinational automotive manufacturing corporation, agreed to form a joint venture, which will focus on delivering a smart cockpit solution for vehicles that will disrupt current design conventions and foster the development of intelligent connected vehicles. Financial terms were not disclosed. Mobile Drive, the joint venture, will be equally owned by Stellantis and FIH. The partnership has combined Foxconn’s capabilities in ICT industry and smart solutions, with Stellantis’ expertise in the automotive sector, ensuring the growth of Mobile Drive.

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