ArenaEV.com ArenaEV.com

Facebook

Twitter

Instagram

RSS

Settings
Units
Power
Standard
Consumption
Currency

Log in

Login

I forgot my password
Sign up
ADVERTISEMENTS

Stellantis to invest in hydrogen technology sector

  • Post your comment

Max McDee, 27 December 2022

Stellantis Misc

Stellantis, the multinational automaker, has announced its intention to invest in Symbio, a startup specializing in hydrogen-powered transportation. Faurecia and Michelin are already stakeholders in the company, and Stellantis will join them as an investor.

According to Carlos Tavares, CEO of Stellantis, the company's investment in Symbio aligns with its plans to roll out hydrogen-powered vehicles in Europe and the United States. Tavares stated that Symbio's technology roadmap "precisely corresponds" with Stellantis' goals, and added that the partnership will allow Stellantis to offer low-emission options to consumers more quickly. In addition to electric cars, this partnership will allow Stellantis to explore other low-emission transportation options.

Stellantis to invest in hydrogen technology sector

Stellantis has shown a commitment to launching fully electric and hybridized vehicles, such as the Jeep Wrangler 4xe, but the company is also considering other options for cleaner transportation. Like Toyota, Stellantis is not convinced that battery electric vehicles (BEVs) are the only solution to the global challenge of reducing emissions from transportation. As a result, Stellantis is exploring a range of options in addition to BEVs in order to provide consumers with low-emission transportation choices.

As a conglomerate, Stellantis will be able to share the benefits of this investment with multiple businesses within the company. This approach has already shown promising results since the creation of Stellantis in 2018. The other stakeholders in Symbio, including Faurecia and Michelin, also have a positive outlook on the potential opportunities and advantages of this joint venture.

Stellantis to invest in hydrogen technology sector

Florent Menegaux, CEO of Michelin, stated that the company is convinced that hydrogen fuel cell technology will play a significant role in decarbonizing transportation and other industries. Menegaux added that the inclusion of Stellantis as a stakeholder in Symbio will further reinforce this belief and catalyze the industrial progress already made with Faurecia.

The transaction is expected to be completed in the first half of 2023, subject to regulatory approval and the fulfillment of other closing conditions. However, it will likely be some time before Symbio's technology becomes widely available to the public through Stellantis vehicles.

Stellantis to invest in hydrogen technology sector

It is encouraging to see that more and more major automakers are considering alternatives to battery electric vehicles (BEVs) in their efforts to be more environmentally friendly. Companies such as Toyota, BMW, Honda, Volkswagen, and others have been actively researching and developing hydrogen-powered cars for some time.

It is likely that in the future, we will have a wider range of low-emission transportation options to choose from, rather than being limited to electric vehicles. The entry of Stellantis into the fuel cell market is just one example of the diversity of options that may become available.

Via

Related articles
  • Stellantis finally has a new CEO Stellantis finally has a new CEO
  • Peugeot e-208 tops 84 cars in ADAC's 2024 Ecotest, Model 3 ranks fourth Peugeot e-208 tops 84 cars in ADAC's 2024 Ecotest, Model 3 ranks fourth
  • Range-extended Ram Ramcharger steals the spotlight from its BEV sibling Range-extended Ram Ramcharger steals the spotlight from its BEV sibling
  • Stellantis and CATL join forces to build a massive battery plant in Spain Stellantis and CATL join forces to build a massive battery plant in Spain
  • Post your comment
Total reader comments: 0

  • Home
  • Compare
  • News
  • Terms
  • Reviews
  • About us
  • Tesla
  • Volkswagen
  • Audi
  • Porsche
  • BMW
  • Mercedes
  • Hyundai
  • Kia
  • Genesis
  • Renault
  • Nissan
  • Ford
  • Volvo
  • Polestar
  • Jaguar
  • Toyota
  • Mazda
  • Mini
  • MG
  • Vinfast
  • Lucid
  • Rivian
  • Cadillac
  • Chevrolet
  • GMC
  • Subaru
  • Nio
  • Xpeng
  • BYD
  • [..]

EV finder

ADVERTISEMENTS

Latest models

  • ModelXiaomi
    YU7 Max
  • ModelNissan
    Leaf 75kWh
  • ModelTesla
    Model S Plaid
  • ModelNissan
    Micra EV 52kWh
  • ModelTesla
    Model X Plaid
  • ModelGenesis
    GV60 Performance AWD

Featured

  • The EVs will kill the power grid. Or will they? The EVs will kill the power grid. Or will they?
  • Xpeng P7 AWD quick review and drive Xpeng P7 AWD quick review and drive
  • Polestar 3 edges Tesla Model 3 out in 24 vehicle winter range test Polestar 3 edges Tesla Model 3 out in 24 vehicle winter range test
  • Volvo EX90 alternatives - Mercedes EQS SUV 580 and Tesla Model X LR+ Volvo EX90 alternatives - Mercedes EQS SUV 580 and Tesla Model X LR+
  • Why solar panels on cars make no sense (at this point) Why solar panels on cars make no sense (at this point)
ADVERTISEMENTS

Reviews

  • Peugeot e-3008 GT Electric review Peugeot e-3008 GT Electric review
  • Mini Countryman SE ALL4 review Mini Countryman SE ALL4 review
  • Mercedes EQS SUV 580 review Mercedes EQS SUV 580 review
  • BMW i5 M60 review BMW i5 M60 review

Home News Compare About us RSS feed Facebook Twitter Instagram

© 2022-2025 ArenaEV.com Mobile version EV Finder Glossary Privacy Terms of use

From the team behind
GSMArena.com