# Symbio to invest €1B in fuel cell production in France

Symbio, a joint venture of Faurecia and Michelin, announced a €1 billion investment through 2028 in France under the HyMotive project, aiming for a total manufacturing capacity of 100,000 fuel cell systems per year by 2028, with a first gigafactory in Saint-Fons starting production in late 2023.

- Type: Investment
- Announced: 2022-10-06
- Where: Saint-Fons, France
- Value: $980.0M (1.00B EUR)
- Jobs: 1,000
- Starts operating: Q3 2023
- Status: announced
- Capacity: 100,000 systems per year by 2028
- Products: fuel cell systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [symbio.one](https://www.symbio.one/en/news-media/newsroom/symbio-invest-1-billion-eur-france-accelerate-its-innovation-and), 2022-10-06: "Symbio will invest 1 billion EUR in total over 7 years in France through its HyMotive project."

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