Stellantis and Foxconn to Announce Strategic Partnership

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Tags

partnership

Rhea-AI Summary

Stellantis and Foxconn announced a strategic partnership on May 18, 2021, during a press conference at 5:45 a.m. EDT. The event featured key executives from both companies, including CEO Carlos Tavares and Foxconn Chairman Young Liu. This collaboration aims to enhance automotive digitalization and address emerging market demands. Investors are encouraged to join the live audio webcast via the provided link, with a password 'MOBILEDRIVE' available 30 minutes before the event. Further details and a recorded replay will be accessible on their respective corporate websites following the conference.

Positive

Strategic partnership announced to enhance automotive digitalization.
Involvement of key executives suggests significant business commitment.
Potential to address emerging market demands effectively.

Negative

None.

05/17/2021 - 02:00 AM

Invitation to a press conference call and webcast

Stellantis and Foxconn to Announce Strategic Partnership

Amsterdam, Taipei, May 17, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) and Hon Hai Precision Industry Co., Ltd., (“Foxconn”) (TPE: 2317), together with its subsidiary FIH Mobile Ltd., (“FIH”) (HKG:2038), will announce a new strategic partnership on Tuesday, May 18, 2021.

A conference call and live audio webcast will be held at 5:45 a.m. EDT / 11:45 a.m. CEST / 5:45 p.m. CST, to present this partnership and answer questions. The event will include remarks from Carlos Tavares, Chief Executive Officer at Stellantis, Young Liu, Chairman at Foxconn, Yves Bonnefont, Chief Software Officer at Stellantis, and Calvin Chih, Chief Executive Officer at FIH.

Please use the following webcast link to join the press conference and raise a question via the chat function as soon as the event begins:

https://channel.royalcast.com/webcast/stellantis-foxconn/20210518_1

Password: MOBILEDRIVE (will be active 30 minutes prior to event start)

If unable to connect to the webcast, participants can also join the event via conference line in listen-only mode by using the following dial-in numbers:

France:         +33 (0) 1 7037 7166
Germany:         +49 (0) 30 3001 90612
Italy:                 +39 06 83360400
UK:                 +44 (0) 33 0551 0200
US:                 +1 212 999 6659

Password: MOBILEDRIVE (will be active 30 minutes prior to event start)

Please plan to join at least five minutes prior to the start of the event to ensure you are properly connected.

The related press release and presentation material will be posted on the respective corporate websites at approximately 5:45 a.m. EDT / 11:45 a.m. CEST / 5:45 p.m. CST on May 18, 2021 at the following links:

Stellantis: https://www.stellantis.com/en/investors/events-presentations
Foxconn: https://www.honhai.com/en-us/

A recorded replay will be available in the News section of Stellantis.com after the event.

About Foxconn
Established in Taiwan in 1974, Hon Hai Precision Industry Co., Ltd., (“Foxconn”) (TPE: 2317) is the world’s largest electronics manufacturer. Foxconn is also the leading technological solution provider and it continuously leverages its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies. To learn more, visit www.honhai.com.

About FIH
A subsidiary of Hon Hai Precision Industry and a leader in the worldwide mobile device industry, FIH offers vertically integrated, end-to-end design, development, and manufacturing services spanning handsets, mobile and wireless communication devices and consumer electronics products. Moving into the internet era, FIH leveraged its core strengths in hardware and software to enter the 5G, AI, IoT and IoV (Internet of Vehicle) fields, building a full internet and mobile ecosystem.

About Stellantis
Stellantis is one of the world’s leading automakers and a mobility provider, guided by a clear vision: to offer freedom of movement with distinctive, affordable and reliable mobility solutions. In addition to the Group’s rich heritage and broad geographic presence, its greatest strengths lie in its sustainable performance, depth of experience and the wide-ranging talents of employees working around the globe. Stellantis will leverage its broad and iconic brand portfolio, which was founded by visionaries who infused the marques with passion and a competitive spirit that speaks to employees and customers alike. Stellantis aspires to become the greatest, not the biggest while creating added value for all stakeholders as well as the communities in which it operates.

@Stellantis

Stellantis

{ "@context": "https://schema.org", "@type": "FAQPage", "name": "Stellantis and Foxconn to Announce Strategic Partnership FAQs", "mainEntity": [ { "@type": "Question", "name": "What is the strategic partnership between Stellantis and Foxconn announced on May 18, 2021?", "acceptedAnswer": { "@type": "Answer", "text": "The partnership aims to enhance automotive digitalization and meet emerging market demands." } }, { "@type": "Question", "name": "Who are the key executives speaking at the Stellantis and Foxconn press conference?", "acceptedAnswer": { "@type": "Answer", "text": "Key speakers include Carlos Tavares, CEO of Stellantis, and Young Liu, Chairman of Foxconn." } }, { "@type": "Question", "name": "What time is the Stellantis and Foxconn press conference on May 18, 2021?", "acceptedAnswer": { "@type": "Answer", "text": "The press conference is scheduled for 5:45 a.m. EDT." } }, { "@type": "Question", "name": "Will the Stellantis and Foxconn press conference be available for replay?", "acceptedAnswer": { "@type": "Answer", "text": "Yes, a recorded replay will be available on Stellantis.com after the event." } } ] }