Stellantis to Name New Tech Partner in Coming Months, CTO Says
(Bloomberg) -- Stellantis NV will announce another “big name” tech partner in the coming months, Chief Technology Officer Ned Curic told Bloomberg on the sidelines of its strategy presentation Tuesday.
The automaker formed last year from the merger of Fiat Chrysler Automobiles NV and PSA Group already has inked deals with some high-profile firms, including Foxconn Technology Group, Alphabet Inc.'s Waymo unit and Amazon.com Inc. The partnerships are part of an effort to generate about 20 billion euros in extra revenue from software-driven features in its vehicles by the end of the decade.
Foxconn's performance has been “fantastic,” Curic said during the company's presentation in Amsterdam. But the carmaker isn't done bringing on tech partners.
Read more: Stellantis targets double-digit margins in costly EV shift
“Stay tuned to some additional announcements in the future, in the areas where we need additional help on the electronics side,” he said.
©2022 Bloomberg L.P.
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