Symbio

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.

Faurecia and Michelin have signed a Memorandum of Understanding to create a joint venture, Symbio, a Faurecia Michelin Hydrogen Company, to develop, produce and market hydrogen fuel cell systems for light vehicles, utility vehicles, trucks and other applications. The JV will be equally owned.