Stellantis accelerates on hydrogen, binding agreement to take over 33% of Symbio

MILAN – Stellantis, Michelins And Faureciagroup company Forvia, have signed a binding agreement for the acquisition by Stellantis of 33.3% of the shares of Symbio, leader in the sector of zero-emission hydrogen mobility. Faurecia and Michelin will each retain 33.3% stakes. “Acquiring an equal stake in Symbio will strengthen our leadership position in hydrogen vehicles, supporting our fuel cell van production in France, and is a perfect complement to our growing battery electric vehicle offering. Hydrogen fuel cells are essential and Symbio will become a major player in the battle to protect future generations,” he said Carlos TavaresCEO of Stellantis.

Symbio has planned to produce 50,000 fuel cells per year by 2025, taking advantage of the state-of-the-art gigafactory in Saint-Fons, which will start production in the second half of 2023. In 2022, Symbio announced the implementation of the HyMotive project to boost the own industrialization and the development of disruptive innovations, enabling the company to reach a total production capacity in France of 100,000 systems per year by 2028, with the creation of 1,000 jobs in the transalpine country.