Automaker Stellantis (STLAM.MI) has signed a deal with France’s Faurecia (EPED.PA) and Michelin (MICP.PA) to buy a 33.3% stake in their Symbio joint venture, a fuel cell system maker for hydrogen mobility, the three companies said on Tuesday.
“Acquiring an equal stake in Symbio will bolster our leadership position in hydrogen-powered vehicles by supporting our fuel cell van production in France,” said Stellantis Chief Executive Carlos Tavares.
Automaker Stellantis (STLAM.MI) has signed a deal with France’s Faurecia (EPED.PA) and Michelin (MICP.PA) to buy a 33.3% stake in their Symbio joint venture, a fuel cell system maker for hydrogen mobility, the three companies said on Tuesday.
“Acquiring an equal stake in Symbio will bolster our leadership position in hydrogen-powered vehicles by supporting our fuel cell van production in France,” said Stellantis Chief Executive Carlos Tavares.