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.
