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Stellantis Completes Symbio Hydrogen Purchase
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Stellantis (NYSE: STLA) today said it has completed its 33.3% purchase in Symbio,* a force in zero-emission hydrogen technology. FORVIA and Michelin are equal shareholders. The announcement is the latest step in the decarbonization of Stellantis and the mobility industry. Symbio is adept at hydrogen fuel cell advances.
“The addition of Stellantis as a shareholder will boost Symbio’s development across Europe and in the US,” Stellantis said. Acquiring an equal stake in Symbio supports Stellantis fuel cell van production in France, and supplements the company’s growing battery electric vehicle portfolio.
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. In 2022, Symbio announced the implementation of its HyMotive project aimed at accelerating its industrialization and the development of “disruptive innovations,” a project that aspires to it reaching a total annual production capacity in France of 100,000 systems by 2028 with the creation of 1000 jobs in France.
Stellantis has been slowly easing into hydrogen mobility, having launched hydrogen powered mid-size vans in late 2021. Stellantis is implementing an aggressive carbon-free strategy as part of the so-called “Dare Forward 2030” strategic plan, which includes expanding its hydrogen offerings to large vans as early as 2024 in Europe and 2025 in the US while further exploring opportunities for heavy-duty trucks. (AutoInformed.com:)
*About Symbio
Symbio is a Faurecia & Michelin joint venture. Symbio claims to be a leading innovative partner for mobility companies with its hydrogen fuel cell systems. Symbia sells zero-emission mobility – on-road or off-road, with trucks, vans, buses or passenger vehicles, its wide range of compact StackPack fuel cell systems “meet all requirements for power, durability and range.”
Symbio is a Stellantis partner in the deployment of the world’s first hydrogen-powered light commercial vehicle program. Symbio has ~600 employees helping their customers accelerate the deployment of a clean mobility. Symbio’s H2Motive range covers all power and durability needs with single- and multi-stack systems engineered with the associated power management systems, electronic control units, cooling, air, and hydrogen loops that generate and control the electrical power.
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