Foxconn Interconnect Technology invests $10 million in Autotalks following strategic collaboration

KFAR SABA, Israel - Dec. 20, 2021 - PRLog -- FIT and Autotalks will join forces to accelerate V2X penetration across automotive and micro-mobility segments, leveraging Autotalks' automotive V2X technology, and its recently launched ZooZ micro-mobility platform. The joint micro-mobility activity will start this year, and the automotive activity will start early next year.

FIT and Foxconn group has made significant achievements in electric vehicle development that included critical technology research and development and joint ventures with leading automakers. The establishment of MIH (Mobility in Harmony) consortium was also a significant milestone that Foxconn group and its members have collectively achieved. Foxconn's electric vehicles strategy drew massive attention with their recent launch of three EV prototypes, showing Foxconn's commitment to become a global next-generation automaker.

"Over the last couple of years, we have been strategically expanding into the automotive segment, with special focus on electric vehicles, connectivity, mobility and safety and technologies," noted Thomas Fann, Special Assistant to Chairman at FIT. "We see Autotalks as the provider of the world's most trusted V2X solution, with the highest performance, security and reliability. This is why we decided to enter into strategic collaboration agreement with Autotalks and invest $10 million in this company."

About Autotalks

Autotalks (www.auto-talks.com) is a V2X chipset market pioneer and leader, which helps reduce collisions on roadways and improve mobility with its automotive qualified chipsets. The company's chipsets offer the most advanced, truly secure and highest performing global V2X communication solution designed for autonomous vehicles. Autotalks' advanced technology, to be mass deployed in the coming years, complements the information coming from other sensors, specifically in non-line-of-sight scenarios, rough weather, or poor lighting conditions. It significantly improves overall road safety, effectively coordinating vehicles, self-driving cars, motorcyclists, and pedestrians. https://auto-talks.com/