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13 03 2019 01

Michelin and Faurecia signed a Memorandum of Understanding to create a joint venture bringing together all of Michelin’s fuel-cell-related activities—including its subsidiary Symbio—with those of Faurecia.

Symbio, a Faurecia Michelin Hydrogen Company will be owned equally by Faurecia and Michelin. This French joint venture will develop, produce and market hydrogen fuel cell systems for light vehicles, utility vehicles, trucks and other applications.

Faurecia and Michelin are convinced of the importance of hydrogen technology in tomorrow’s world of zero emissions mobility and of the need to create a strong French and European hydrogen industrial sector. The two companies aim to create a world leader in hydrogen fuel cell systems through combining existing and complementary assets from both partners in the joint-venture. This will enable the joint venture to immediately offer a unique range of hydrogen fuel cell systems for all use cases.

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