Stellantis Finalizes Symbio Exit for 235 Million Euros
Stellantis plans to exit its Symbio joint venture by May for 235 million euros. Michelin and Forvia will each take a 50 percent stake in the hydrogen company.
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STELLANTIS NV is expected to finalize its exit from the hydrogen fuel cell joint venture Symbio by May, according to reports from France. The divestment is projected to cost the automaker 235 million euros ($275.6 million), as the company moves forward with its plan to cease the development of hydrogen-powered vehicles.
