Stellantis Joins Forvia, Michelin as Symbio Shareholder

Stellantis Joins Forvia, Michelin as Symbio Shareholder

Acquiring a stake in Symbio, a hydrogen solutions provider for vehicles, complements Stellantis' BEV portfolio.

Stellantis N.V. has completed its 33.3% purchase in Symbio, a designer, producer and provider of hydrogen solutions for light and heavy duty vehicles. Forvia and Michelin are equal shareholders.

The company said the announcement is a significant step in the decarbonization of the mobility industry and illustrates Symbio’s technological excellence in hydrogen fuel cell innovations. The addition of Stellantis as a shareholder will boost Symbio’s development across Europe and in the U.S., according to Michelin.

Acquiring an equal stake in Symbio bolsters Stellantis’ leadership position in hydrogen-powered vehicles by supporting the fuel cell van production in France, and it also serves as a complement to the company’s growing battery electric vehicle portfolio, Stellantis said.

You May Also Like

SKF Group Announces Leadership Transition

Philipp Herlein, head of the global vehicle aftermarket division, has been appointed managing director of the global SKF lubrication & MPT division, effective October 1.

SKF Group Announces Leadership Transition

SKF Vehicle Aftermarket and Lubrication & MPT business unit announced a leadership transition within the company. Philipp Herlein, head of the global vehicle aftermarket division, has been appointed managing director of the global SKF lubrication & MPT division, effective October 1, 2024. Herlein succeeds Volker Pieschel, who has led the business for the past six years following the acquisitions of Willy Vogel AG, Safematic, Lincoln Industrial and Alemite.

SMP to Acquire European Supplier Nissens Automotive

The transaction is expected to be complete in the second half of 2024.

Nokian Tyres Produces First Tire in Romanian Factory

Nokian said the milestone was reached as planned, and commercial tire production will start in early 2025.

Nokian-Tyres-Romania-factory
Volkswagen Names Mobileye Among Top Suppliers for 2024

Mobileye, one of 10 companies to be honored, received the award for digitalization.

Volkswagen Names Mobileye Among Top Suppliers for 2024
EuroTaller Confirms Support for AutoAmericas Show

EuroTaller is a network that brings together independent automotive workshops.

EuroTaller
Other Posts
Fix Network to Host Global Conference in Mexico

The conference will take place April 27 to May 1, 2025, at the Dreams Playa Mujeres Golf & Spa Resort.

Fix-Network-Global-conferernce-Mexico
Sensata Appoints Phillip Eyler to Board of Directors

Eyler brings more than 30 years of engineering, operations and business expertise, primarily in the automotive industry, the company said.

Sensata Appoints Phillip Eyler to Board of Directors
NEXUS Automotive International Elects New Chairman of the Board

With the appointment of G. Srinivasa Raghavan, it is the first time an Indian leader is taking on a responsibility of this magnitude, NEXUS said.

G-Srinivasa-Raghavan-NEXUS-chairman
Castrol Makes Investment in Gogoro

Castrol announced an investment of up to US$50 million in the smart mobility company.

Castrol-Makes-Investment-in-Gogoro