A Black Box solution? Click for more information.
Today, Faurecia,* Michelin and Stellantis (NYSE: MTA Euronext Paris: STLA) announced “exclusive” negotiations for Stellantis to acquire a substantial stake in Symbio,** a supplier of zero-emission hydrogen systems, joining existing shareholders Faurecia and Michelin.
Stellantis is tiptoeing into hydrogen mobility having launched mid-size vans in late 2021. Stellantis is pursuing an aggressive ambition 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: Dare Forward 2030 – Stellantis Survival Plan Unveiled)
Toyota Motor appears to AutoInformed to be the clear leader in these areas, but this is an endurance race not a sprint:
“Symbio’s technical roadmap perfectly matches with Stellantis’ hydrogen roll-out plans in Europe and in the US,” said Stellantis CEO Carlos Tavares. “This move will foster the speed of development to bring low emission products to our customers, beyond traditional electric vehicles. We’re grateful to the teams at Faurecia, Michelin and Symbio for their commitment to innovation, excellence, and collaboration as we all work to achieve decarbonized mobility.”
Patrick Koller, CEO of Faurecia said, “By the intention of acquiring a stake in Symbio, Stellantis confirms the robustness of Michelin and Faurecia’s approach to creating a global leader in zero-emission mobility. The new setup will accelerate and globalize Symbio’s growth to the benefit of its customers.”
In October 2022, Symbio announced its HyMotive project to accelerate its industrialization and (marketing babble alert> “disruptive innovation,” which will increase its total production capacity in France to 100,000 hydrogen systems per year by 2028 while generating 1000 additional jobs. This transaction enables Symbio to expand its development through Stellantis’ sales position in the European and American automotive markets.
The closing of the transaction is expected to occur in the first semester of 2023 and is subject to customary closing conditions, including regulatory approvals.
*Faurecia, is a company of the Group FORVIA
**Symbio, a Faurecia & Michelin joint venture, claims to be a leading innovative partner for mobility companies with its hydrogen fuel cell systems. Symbia says it has, in zero-emission mobility. Whether on-road or off-road, from trucks, vans, buses to logistics equipment 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 committed to building a positive future, helping their customers accelerate the deployment of a clean mobility that respects our environment, our air and our health, without compromising on performance. 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.
AutoInformed on
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Stellantis to Buy a Large Part of Faurecia Michelin Hydrogen
A Black Box solution? Click for more information.
Today, Faurecia,* Michelin and Stellantis (NYSE: MTA Euronext Paris: STLA) announced “exclusive” negotiations for Stellantis to acquire a substantial stake in Symbio,** a supplier of zero-emission hydrogen systems, joining existing shareholders Faurecia and Michelin.
Stellantis is tiptoeing into hydrogen mobility having launched mid-size vans in late 2021. Stellantis is pursuing an aggressive ambition 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: Dare Forward 2030 – Stellantis Survival Plan Unveiled)
Toyota Motor appears to AutoInformed to be the clear leader in these areas, but this is an endurance race not a sprint:
“Symbio’s technical roadmap perfectly matches with Stellantis’ hydrogen roll-out plans in Europe and in the US,” said Stellantis CEO Carlos Tavares. “This move will foster the speed of development to bring low emission products to our customers, beyond traditional electric vehicles. We’re grateful to the teams at Faurecia, Michelin and Symbio for their commitment to innovation, excellence, and collaboration as we all work to achieve decarbonized mobility.”
Patrick Koller, CEO of Faurecia said, “By the intention of acquiring a stake in Symbio, Stellantis confirms the robustness of Michelin and Faurecia’s approach to creating a global leader in zero-emission mobility. The new setup will accelerate and globalize Symbio’s growth to the benefit of its customers.”
In October 2022, Symbio announced its HyMotive project to accelerate its industrialization and (marketing babble alert> “disruptive innovation,” which will increase its total production capacity in France to 100,000 hydrogen systems per year by 2028 while generating 1000 additional jobs. This transaction enables Symbio to expand its development through Stellantis’ sales position in the European and American automotive markets.
The closing of the transaction is expected to occur in the first semester of 2023 and is subject to customary closing conditions, including regulatory approvals.
*Faurecia, is a company of the Group FORVIA
**Symbio, a Faurecia & Michelin joint venture, claims to be a leading innovative partner for mobility companies with its hydrogen fuel cell systems. Symbia says it has, in zero-emission mobility. Whether on-road or off-road, from trucks, vans, buses to logistics equipment 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 committed to building a positive future, helping their customers accelerate the deployment of a clean mobility that respects our environment, our air and our health, without compromising on performance. 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.
AutoInformed on
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.