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Stellantis plans to acquire stake in Symbio from Faurecia and Michelin · Endata

◂ Announcements

Dec 23, 2022ACQUISITIONFrance

Stellantis plans to acquire stake in Symbio from Faurecia and Michelin

Stellantis has entered exclusive negotiations to acquire a substantial stake in Symbio, a hydrogen fuel cell technology company, from existing shareholders Faurecia and Michelin.

Jobs

1,000

Status

Announced

Capacity

100,000 systems per year by 2028

Productshydrogen fuel cell technologies

CompaniesFaurecia partner Stellantis acquirer Michelin partner Symbio target

Sectors#Automotive Components

“Stellantis plans to acquire a substantial stake in Symbio, a leader in zero-emission hydrogen mobility, to become a significant player along with existing shareholders Faurecia and Michelin.”stellantis.com

3 sources
stellantis.comStellantis plans to acquire stake in Symbio, a Faurecia Michelin hydrogen company and leader in fuel cell technologies for mobility industry | StellantisDec 23, 2022
hydronews.itStellantis confirms focus on hydrogen by announcing intention to take over a stake in Symbio (jv between Faurecia and Michelin) - HydroNewseditorial staffDec 23, 2022
just-auto.comStellantis plans to acquire stake in hydrogen tech firm Symbio - Just AutoDavid LeggettJan 3, 2023

Summarized from public sources; check the original articles before acting on it.

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