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Foxconn teams with Fiat owner Stellantis on connected cars

iPhone assembler seeks new revenue streams through automotive tech

Foxocnn has teamed up with automaker Stellantis to tap demand for car-related software. (Photo courtesy of Foxconn)

TAIPEI -- Foxconn on Tuesday announced a joint venture with Stellantis, the world's fourth-largest auto group, to develop software for connected cars.

The Taiwanese iPhone assembler is seeking new revenue streams as the global smartphone market matures, and has made high-tech and connected cars one of its focuses.

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