Stellantis Invests in Hydrogen Fuel Cell Venture
Stellantis is hoping to accelerate its hydrogen powertrain offerings with its investment into hydrogen fuel cell mobility specialist Symbio.
The automaker group will take a 33.3% share in the company also joint-owned by Michelin and Faurencia, owners of automotive lighting company Hella. The addition of Stellantis as a shareholder is hoped to boost Symbio’s development across Europe and into the US.
Symbio plans to produce 50,000 fuel cells per year by 2025, using its Saint-Fons gigafactory, which will start production in the second half of 2023. Carlos Tavares, Stellantis CEO, said: “Acquiring an equal stake in Symbio will bolster our leadership position in hydrogen-powered vehicles by supporting our fuel cell van production in France and it also serves as a perfect complement to our growing battery electric vehicle portfolio. As we push our Dare Forward 2030 plan forward and move to become carbon net zero by 2038, we are considering every technological tool at our fingertips to fight global warming. Hydrogen fuel cells are necessary and Symbio will become a significant player in the battle to protect future generations.”
— Paul Myles is a seasoned automotive journalist based in Europe. Follow him on Twitter @Paulmyles_
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