# Faurecia and Michelin form Symbio hydrogen fuel cell joint venture

Faurecia and Michelin formalized the creation of Symbio, a joint venture combining their hydrogen fuel cell activities. They will invest €140 million initially to develop and mass-produce fuel cell systems for light vehicles, commercial vehicles and trucks.

- Type: Partnership
- Announced: 2019-11-21
- Where: France
- Value: $154.0M (140.0M EUR)
- Status: announced
- Products: hydrogen fuel cell systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Faurecia](https://endata.com/companies/1483.md) (partner)
- [Michelin](https://endata.com/companies/13430.md) (partner)
- [Symbio](https://endata.com/companies/37933.md) (partner)

## Sources

- [forvia.com](https://www.forvia.com/en/press/faurecia-and-michelin-formalize-their-joint-venture-and-aim-create-worldwide-leader-hydrogen), 2019-11-21: "Faurecia and Michelin have formalized the creation of SYMBIO, A FAURECIA MICHELIN HYDROGEN COMPANY, a joint venture combining all their hydrogen fuel cell dedicated activities"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.