FAURECIA AND MICHELIN TO CREATE A GLOBAL LEADER IN HYDROGEN MOBILITY
Michelin, world leader in tyres and sustainable mobility, and Faurecia, technology leader in the automotive industry, announced today the signature of a Memorandum of Understanding to create a joint venture bringing together all of Michelin’s fuel cell related activities – including its subsidiary Symbio – with those of Faurecia.
SYMBIO, A FAURECIA MICHELIN HYDROGEN COMPANY will be owned equally by Faurecia and Michelin. This French joint venture, built around a unique ecosystem, will develop, produce and market hydrogen fuel cell systems for light vehicles, utility vehicles, trucks and other applications.
Faurecia and Michelin are convinced of the importance of hydrogen technology in tomorrow’s world of zero emissions mobility and of the need to create a strong French and European hydrogen industrial sector. The two companies aim to create a world leader in hydrogen fuel cell systems through combining existing and complementary assets from both partners in the joint-venture. This will enable the joint venture to immediately offer a unique range of hydrogen fuel cell systems for all use cases.
Learn more in our press release