Stellantis Intends To Invest In Hydrogen Technology

Stellantis has just announced its intention to invest in Symbio, a company specializing in hydrogen-powered mobility. Stellantis will join existing shareholders Faurecia and Michelin.

"Symbio's technical roadmap perfectly matches with Stellantis' hydrogen roll-out plans in Europe and in the US," said Stellantis CEO Carlos Tavares. "This move will foster the speed of development to bring low-emission products to our customers, beyond traditional electric vehicles."

Stellantis has shown a willingness to introduce全电动和杂化车辆- theJeep Wrangler 4xeis evidence thereof - but it is also not throwing all its eggs in one basket. Like Toyota, Stellantis is not convinced that battery electric vehicles (BEVs) are the planet's only solution for cleaner mobility.

As a conglomerate, Stellantis will be able to pass on any benefits from this investment to a multitude of brands, a strategy that has已经请求un to pay offin the relatively short time since Stellantis was formed last year. The other stakeholders in Symbio are similarly optimistic about the potential rewards this cooperative deal may reap.

"Michelin is convinced that hydrogen fuel cell technology will make an effective contribution to decarbonizing mobility and even beyond," said Michelin CEO Florent Menegaux, adding that "the arrival of Stellantis in Symbio's capital would reinforce this conviction and would catalyze the tremendous industrial momentum we have built with Faurecia."