MILAN - Carmaker Stellantis and iPhone assembler Foxconn said on Tuesday they plan to create a joint-venture that will supply in-car and connected-car technologies.

The two companies have signed a non-binding memorandum of understanding to form Mobile Drive, a 50-50 joint venture based in the Netherlands.

Mobile Drive will operate as an automotive supplier, and take part in tenders to provide software solutions and related hardware for Stellantis and other interested automakers, the companies said in a joint statement.

  - Reuters