The Stellantis Group is preparing to announce a strategic agreement with Foxconn . The details will be revealed tomorrow in the late morning when it is held. a virtual press conference. Attendees will include Stellantis CEO Carlos Tavares and Foxconn President Young Liu. Even if no mentions have been made on the contents it is not; difficult to imagine that we will talk of electric car production .
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FIRST HYPOTHESIS ON THE AGREEMENT
In fact, you can't; do not remember that FCA announced in early 2020 an agreement with Foxconn to create a joint venture that would be responsible for producing electric and connected cars. Today, FCA is not there more because & eacute; together with PSA gave birth to Stellantis. Therefore, & egrave; very likely that tomorrow & # 39; s announcement is the result of the negotiations started by FCA last year. It will be It is interesting to understand at this point the operational perimeter of the joint venture.
& # 128227; #Stellantis and #Foxconn to announce strategic partnership. A webcast will be held on Tuesday, May 18 at 5:45 a.m. EDT/11:45 a.m. CEST/5:45 p.m. CST, to present this partnership and answer questions. All details here & # 10145; & # 65039; https://t.co/rrciBeUfKH pic.twitter.com/2YThAMOUvP
& mdash; Stellantis (@Stellantis) May 17, 2021
In fact, there was talk of a collaboration mainly for the Chinese market . Indeed, Tavares himself had recently spoken of a rethinking of the strategy for China. Possibly he was referring to the next deal with Foxconn. All that remains is to wait another 24 hours to find out all the details of the announcement. Stellantis has an ambitious plan related to electric cars and it seems that China will also coat; a central role in this strategy. Moreover, this market is becoming one of the most important. important for battery cars. Thanks to Foxconn, the Stellantis Group will have; the possibility to strengthen its position.
Foxconn, for its part, is shifting its attention precisely to the automotive sector where it already has; made several agreements. For example, I will collaborate; to make Fisker's second battery-powered model which will be; sold all over the world. Furthermore, it can & ograve; already count on agreements with Geely and Byton for the production of the electric M-Byte.
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