Monday, December 23, 2019

Hydrogen: Michelin—Faurecia Joint Venture To Establish Europe's Largest Fuel Cell Plant in Lyon

From New Mobility News:
In March next year, French automotive suppliers Michelin and Faurecia are laying the first foundation stone of what has to become ‘Europe’s biggest factory for fuel cells’ near Lyon. With their joint-venture Symbio, they want to catch 25% of the world market by 2030, good for 1,5 billion euros turnover.

More details about the new factory and its exact location aren’t revealed yet. But the plans are ambitious, as Michelin and Faurecia envision two more factories, one in Asia, and one in the US.
Today, Symbio is based in Grenoble (France), where it employs around 200 people. As a start, Michelin and Faurecia injected 140 million euros in the development of a new generation of fuel cells on hydrogen....MORE
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