Foxconn is a company that many of us know for producing Apple products. However, it also invests in a wide range of other industries, including electric vehicles. In fact, the company recently announced that it would be establishing an electric vehicle factory in India and investing a billion dollars into the country. Now, Foxconn has announced a joint venture called SiliconAuto with Stellantis to design and sell semiconductors for the automotive industry. Here are the details…

SiliconAuto to Develop Semiconductors for the Automotive Industry

Stellantis and Foxconn are creating a joint venture to design and sell semiconductors for the automotive industry. The joint venture, called SiliconAuto, will be based in the Netherlands and will be equally owned by the two companies. SiliconAuto will focus on developing semiconductors for the growing number of computer-controlled features and modules in vehicles, especially those needed for electric vehicles.

The joint venture will also provide a robust supply of essential components to Stellantis, which will help the automaker to meet its goal of becoming a software-defined company. “This joint venture with Foxconn is a major step forward in our ambition to become a leader in the software-defined vehicle era,” said Ned Curic, chief technology officer of Stellantis. “SiliconAuto will provide us with a secure and sustainable source of semiconductors, which is essential to our ability to deliver on our product roadmap.”

“We are excited to partner with Stellantis to create SiliconAuto,” said Young Liu, chairman of Foxconn. “This joint venture will combine our strengths in semiconductor design and manufacturing to create a new global leader in automotive semiconductors.” SiliconAuto is expected to begin operations in 2026. The joint venture will create new jobs in the Netherlands and other countries.

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Sales numbers released for the first half of 2022 show that Stellantis had the second-best performance in EV sales in Europe. The latest figures were cited by Automotive News Europe. Volkswagen led the pack with 116k units sold, followed by Stellantis and Tesla for H1 2022. The company’s surge was powered by strong sales of the Fiat New 500, amidst strong quarterly sales in western Europe.

Stellantis was born from the merger of PSA Group and Fiat Chrysler Automobiles and its mission is to become Europe’s top-selling EV brand. Stellantis has its work cut out with global leader Tesla still holding the aces in some sense. Tesla’s Model Y still recorded the highest number of individual sales in Europe for H1 2022 with about 40k units sold. Stellantis about 105k EVs in Europe in H1 2022, as compared to Tesla’s 78k sales.

The Stellantis Group is a combination of French, Italian, and American interests. The data covers 27 countries of the European Union plus the UK, Switzerland, Norway, and Iceland. Registration data for Portugal, Finland, and Sweden were not part of the dataset due to their unavailability. The Peugeot e-208 EV also provided strong headwinds for Stellantis. It is a sub-compact hatchback and was the best-selling model in France within Q2 2022. Stellantis also enjoyed resurgent sales of its full-electric passenger vans like the Citroen e-Berlingo and the Opel Combo-e sibling.

Tesla had seen its European volume decline but it still has some strong individual sales. Apart from the Model Y, Tesla’s Model 3 sold about 38k units in Europe during the period and ranked second. The third and fourth best-selling models were the Fiat New 500 and Peugeot e-208, with the Skoda Enyaq IV coming fifth. The outlook for H2 remains bright in Europe. Tesla is expected to deliver up to 200,000 units of EVs within the period. Stellantis expects to build on the positive spin in the next quarter.

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The surge in electric vehicle (EV) manufacturing by traditional automakers has been very high in recent years. The trend has seen several automakers shifting their production capacity and resources to EVs production. It seems Jeep may be joining the league of EV manufacturers soon. The company has unveiled a new concept design of its own electric vehicle that may become a reality in the years to come.

The concept vehicle is called the Jeep Wrangler Magneto, with several features already shown. The overall design of the futuristic electric vehicle from Jeep follows mainly the 2020 Wrangler Rubicon. It has a powerful electric motor of 285 horsepower and an 800-volt system with four battery packs. The electrical system will provide substantial mileage for the car on a full charge, although Jeep was silent on the actual mileage.

Jeep also says that the Wrangler Magneto will have a six-speed manual transmission, obviously to attract a segment of its customers who are die-hard fans of the manual transmission for Jeep all-wheel drives. However, as we know, we are just being teased by Jeep with the concept car’s design. It may be a work in progress and will undergo several refinements before an eventual launch if that is in the cards of Jeep. Several gaps are visible in the Magneto, which may seriously limit its capability to cope with much of the premium offerings from market leaders like Tesla.

The antecedents of the parent company of Jeep, Fiat Chrysler (now called Stellantis) reflect cautious optimism in pursuing the adoption of electric vehicle production, with only a few models on the cards. However, the overriding trend is for traditional carmakers to direct substantial resources into EV production of selected models to retain customers who may opt for EVs.

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