Mopar Insiders Forum

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Stellantis Signs Binding Agreement To Acquire Equal Stake In Symbio!

Stellantis Signs Binding Agreement To Acquire Equal Stake In Symbio!​

A Leader In Zero-Emission Hydrogen Mobility...​


1684334516528.png

Stellantis, Faurecia, and Michelin have announced a significant agreement for Stellantis to acquire a 33.3% stake in Symbio, a leading company in zero-emission hydrogen mobility. This move is substantial in decarbonizing the mobility industry and highlights Symbio’s expertise in hydrogen fuel cell innovations. In addition, the involvement of Stellantis as a shareholder will enhance Symbio’s growth in Europe and the United States.

Carlos Tavares, CEO of Stellantis, stated that acquiring an equal stake in Symbio will strengthen its position in hydrogen-powered vehicles, complementing its expanding portfolio of battery-electric cars. In addition, Tavares emphasized the importance of hydrogen fuel cells in their Dare Forward 2030 plan to combat global warming and achieve carbon neutrality by 2038.

 

Users who are viewing this thread

Top