Jointly established Mobile Drive with Stellantis

Subject:Stellantis,Foxconn to Develop Breakthrough Digital Cockpits and Personalized Connected Services with Mobile Drive Joint Venture

Contents:

1.Date of occurrence of the event:2021/05/18

2.Company name:Hon Hai Precision Ind. Co. Ltd.

3.Relationship with the Company (please enter "the company itself" or  "subsidiaries"):

the ompany itself

4.Name of the reporting media:The company's press information

5.Content of the report:

Stellantis NV  ("Stellantis") and Hon Hai Precision Industry Co., Ltd., ("Foxconn") , together with its subsidiary FIH Mobile Ltd., ("FIH") , today announced the signing of a non-binding memorandum of understanding to form Mobile Drive, a 50/50 voting rights joint venture aimed at accelerating development timelines to bring innovative in-vehicle user experiences enabled by advanced consumer electronics, HMI interfaces and services that will exceed customer expectations.

Mobile Drive will combine Stellantis' global vehicle design and engineering expertise with Foxconn's global development in the rapidly changing software and hardware realms of smartphones and consumer electronics. The combination will position Mobile Drive at the forefront of global efforts to deliver a new frontier of in-cabin information and entertainment capabilities, seamlessly connected inside and outside the vehicles in which they are installed.

6.Cause of occurrence:Regarding the company's press release.

7.Countermeasures:None

8.Any other matters that need to be specified:None