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Stellantis Drops Hydrogen Fuel Cell Plan
Stellantis (NYSE: STLA) said today that it will discontinue its hydrogen fuel cell technology development program between Forvia, Michelin and Stellantis. As a result, mass-production of its new range of hydrogen-powered Pro One vehicles scheduled to start this summer in Hordain, France (medium-sized vans) and Gliwice, Poland (large vans) is cancelled. Net profit at Stellantis plunged 70% for 2024.
“In a context where the Company is mobilizing to respond to demanding CO2 regulations in Europe, Stellantis has decided to discontinue its hydrogen fuel cell technology development program,” said Jean-Philippe Imparato, Chief Operating Officer for Enlarged Europe. Continue reading →