Michelin and Faurecia join forces in hydrogen mobility development
By Jim Gibbins - 1st February 2020
France – Two of the largest French automotive supply companies, Michelin Plc of Clermont-Ferrand and Faurecia of Nanterre, have formalized the creation of a joint venture operating under the name of SYMBIO, A Faurecia Michelin Hydrogen Company. The new JV is to combine all their hydrogen fuel cell dedicated activities, with the aim of becoming a world leader in hydrogen mobility.
Established in November 2019, the companies stated this joint venture is tasked with developing, producing and marketing hydrogen fuel cell systems for light vehicles, commercial vehicles as well as for other areas of electromobility.