TAIPEI, Taiwan, November 23, 2021 – Foxconn Interconnect Technology (FIT), a subsidiary of Foxconn (Hon Hai Technology Group), the world's largest electronics manufacturer, and Autotalks, a V2X (Vehicle-to-Everything) communication solutions pioneer, today announced that FIT invested $10 million following a strategic collaboration agreement between the two companies.

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 have 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."

"We are glad to enter into strategic collaboration agreement with Foxconn and receive the new investment from the world's largest electronics manufacturer," said Hagai Zyss, CEO of Autotalks. "The synergy between the companies is very natural, considering the strategic place V2X has in the future of safety and mobility, and Autotalks' V2X market leadership. V2X is a critical safety sensor, the only one that can see behind corners, protect micro-mobility users, and can also increase the range of Electrical Vehicles."

About Foxconn Interconnect Technology

Foxconn Interconnect Technology (FIT) is a leading global solutions developer and manufacturer cultivating connectivity for a better world. With unsurpassed capabilities in development, research, manufacturing engineering and design, production, supply chain, and go-to-market planning for world class brands and private label products spanning B2C and B2B categories, FIT is at the forefront of worldwide technological trends�delivering compelling user experiences at scale. With offices and manufacturing sites located in Asia, the Americas and Europe, FIT is a global leader in the manufacturing of high precision interconnect components.

For more information, visit FIT's website: fit-foxconn.com.

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.

Note to editors: V2X (Vehicle to Everything)

V2X (Vehicle to Everything) allows direct communication between vehicles and all other road users, without using the cellular network. Each unit transmits ten times per second its location, speed, and heading. Each unit receives messages from other road users, analyzes those locally, and detects a risk if exists. Since the safety is based on wireless communication, it operates even when there is no line-of-sight. The communication is range is more than 300 meter in cities and more than 1 kilometer on highways.

For a videos on Autotalks’ V2X technology: https://auto-talks.com/autotalks-videos/

Media contact:

Amir Ben Artzi, Meirovitch PR, Email Contact,  Tel. +972-77-2129988