Stellantis to acquire 33.3% stake in hydrogen fuel cell company Symbio
Faurecia, Michelin and Stellantis signed a binding agreement for Stellantis to acquire a 33.3% stake in Symbio, a hydrogen fuel cell company. Faurecia and Michelin will each retain 33.3% holdings. Symbio plans to produce 50,000 fuel cells per year by 2025 at its Saint-Fons gigafactory.
Value
$163.5M (150.0M EUR)
Capacity
50,000 fuel cells per year by 2025; 100,000 systems per year by 2028
Productshydrogen fuel cells
“Acquiring an equal stake in Symbio will bolster our leadership position in hydrogen-powered vehicles by supporting our fuel cell van production in France.”stellantis.com
- 4 sources
- stellantis.comStellantis to Acquire Equal Stake with Faurecia and Michelin in Symbio, a Leader in Zero-emission Hydrogen Mobility | StellantisMay 16, 2023
- forvia.comForvia confirms the successful progress of its asset disposal program with the entry of Stellantis in Symbio's capital | FORVIAMay 16, 2023
- autonews.comStellantis to pay $163 million to join Faurecia-Michelin hydrogen JV Symbio - Automotive NewsPeter SigalMay 16, 2023
- theevreport.comStellantis to Acquire 33.3% Stake in Hydrogen Mobility Leader SymbioThe EV Report StaffMay 17, 2023
Summarized from public sources; check the original articles before acting on it.
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