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Stellantis to Rely on Partners in $23 Billion Software Push

  • Foxconn, Waymo, BMW to help carmaker develop tech platforms
  • Sees 34 million cars by 2030 with software-driven features
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Photographer: Cyril Marcilhacy/Bloomberg
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Stellantis NV will lean on partnerships with Foxconn Technology Group, Waymo and BMW AG to generate about 20 billion euros ($23 billion) in extra revenue from software-driven features in its vehicles by the end of the decade. 

The maker of Jeep, Chrysler and Fiat brands is extending existing tie-ups with Apple Inc.’s assembly partner Foxconn and Alphabet Inc.’s self-driving unit to build three new tech platforms by 2024, the manufacturer said Tuesday. The move will nearly triple the number of vehicles on the road to 34 million that can generate revenue from software.