# 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.

- Type: Acquisition
- Announced: 2023-05-16
- Where: Saint-Fons, France, France
- Value: $163.5M (150.0M EUR)
- Jobs: 1,000
- Status: announced
- Capacity: 50,000 fuel cells per year by 2025; 100,000 systems per year by 2028
- Products: hydrogen fuel cells
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Faurecia](https://endata.com/companies/1483.md) (partner)
- [Stellantis](https://endata.com/companies/7966.md) (acquirer)
- [Michelin](https://endata.com/companies/13430.md) (partner)
- [Symbio](https://endata.com/companies/37933.md) (target)

## Sources

- [stellantis.com](https://www.stellantis.com/en/news/press-releases/2023/may/stellantis-to-acquire-equal-stake-with-faurecia-and-michelin-in-symbio-a-leader-in-zero-emission-hydrogen-mobility), 2023-05-16: "Acquiring an equal stake in Symbio will bolster our leadership position in hydrogen-powered vehicles by supporting our fuel cell van production in France."
- [forvia.com](https://www.forvia.com/en/press/forvia-confirms-successful-progress-its-asset-disposal-program-entry-stellantis-symbios), 2023-05-16: "With the acquisition by STELLANTIS of a stake in SYMBIO... Faurecia will receive a total amount of €150 million"
- [autonews.com](https://www.autonews.com/automakers-suppliers/stellantis-pay-163-million-join-faurecia-michelin-hydrogen-jv-symbio/), 2023-05-16: "Stellantis to pay $163 million to join Faurecia-Michelin hydrogen JV Symbio"
- [theevreport.com](https://theevreport.com/stellantis-to-acquire-33-3-stake-in-hydrogen-mobility-leader-symbio), 2023-05-17: "Stellantis, a prominent automaker, is set to acquire a 33.3% stake in Symbio, a pioneering firm in zero-emission hydrogen mobility."

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