Stellantis joins Forvia and Michelin as equal shareholder of Symbio

Stellantis Fitch improve rating to BBB with stable outlook

(Tiper Stock Exchange) – Stellantisone of the world’s leading automobile manufacturers, has completed the acquisition of 33.3% of Symbiothe leader in zero-emission hydrogen mobility. FORVIA And Michelins they are equal shareholders.

The announcement is “a significant step in the decarbonisation of the mobility sector and illustrates Symbio’s technological excellence in hydrogen fuel cell innovations,” a statement read. The addition of Stellantis as a shareholder it will stimulate the development of Symbio in Europe and the United States.

Additionally, the acquisition of an equal stake in Symbio”strengthens Stellantis’ leadership position in hydrogen-powered vehiclessupporting the production of fuel cell vans in France, and also serves as the perfect complement to the company’s growing portfolio of battery electric vehicles.”

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