Michelin and Forvia, both part of the joint venture, reported this in reply to a request from Bloomberg.
“Forvia acknowledges its awareness of Stellantis' plans to cease investment in its hydrogen operations, including Symbio, beginning in 2026,” the firm stated. “This action will carry important and immediate operational and financial consequences for Symbio's future.”
At the close of 2022, Stellantis revealed its acquisition of a 33% share in Symbio. Stellantis utilizes Symbio products in its trucks powered by hydrogen. The firm, based in France, has approximately 650 employees.
source: bloomberg.com
“Forvia acknowledges its awareness of Stellantis' plans to cease investment in its hydrogen operations, including Symbio, beginning in 2026,” the firm stated. “This action will carry important and immediate operational and financial consequences for Symbio's future.”
At the close of 2022, Stellantis revealed its acquisition of a 33% share in Symbio. Stellantis utilizes Symbio products in its trucks powered by hydrogen. The firm, based in France, has approximately 650 employees.
source: bloomberg.com