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Faurecia and Michelin have signed a Memorandum of Understanding to create a joint venture, Symbio, a Faurecia Michelin Hydrogen Company, to develop, produce and market hydrogen fuel cell systems for light vehicles, utility vehicles, trucks and other applications. The JV will be equally owned.
“Faurecia and Michelin are convinced of the importance of hydrogen technology in tomorrow's world of zero emissions mobility and of the need to create a strong French and European hydrogen industrial sector.”prnewswire.com
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