STLA Stellantis NV

   By Cristina Roca 
 

Fiat Chrysler Automobiles NV (FCA.MI) said Friday that it is in talks with electronics company Foxconn Technology Group (Hon Hai Precision Industry Co.) (2317.TW) over plans to create a joint venture to develop electric vehicles.

The proposed partnership would initially focus on the Chinese market and the two companies are "in the process of signing a preliminary agreement which will govern further discussions aimed at reaching final binding agreements in the next few months," the Italian-American auto maker said. The statement confirmed news revealed by a Foxconn regulatory filing in Taiwan a few hours earlier.

There isn't any guarantee that a final agreement will be reached, Fiat said.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

(END) Dow Jones Newswires

January 17, 2020 02:27 ET (07:27 GMT)

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