Skip to main content
Sister Publication Links
  • Automotive News
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • BEST PLACES TO WORK
  • News
    • MID YEAR REPORT
    • TIRE MAKERS
    • HUMANITARIAN
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • MERGERS & ACQUISITIONS
    • OBITUARIES
    • OPINION
    • SERVICE ZONE
  • ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Events
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
    • RUBBER NEWS EVENTS
  • Resources
    • ADVERTISE
    • AWARDS
    • CLASSIFIEDS
    • DIRECTORY
    • SHOP FLOOR
    • Best Places to Work
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
March 12, 2019 02:00 AM

Michelin to foster hydrogen fuel-cell development with new joint venture

Tire Business Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    PARIS — Group Michelin and Faurecia Group, a leading French automotive systems supplier, have agreed to form a joint venture that will develop, produce and market hydrogen fuel-cell systems for light vehicles, utility vehicles, trucks and other applications.

    Faurecia and Michelin said they are convinced of the importance of hydrogen technology in the emerging field of zero-emissions mobility and of the need to create a strong European hydrogen industrial sector.

    The two companies said they aim to create a world leader in hydrogen fuel-cell systems through combining existing and complementary assets from both partners in the joint venture, thus enabling the venture to offer a range of fuel-cell systems almost immediately.

    For electric vehicles, fuel-cell technology complements battery technology, especially in those cases requiring intense use and greater autonomy. Furthermore, fuel-cell technology has been selected by the European Union as one of Europe's six Important Projects of Common Interest.

    Michelin's contribution to this joint venture will be the activities of Symbio FCell, a Paris-based developer of fuel-cell technology in which Michelin has held a minority share since 2014.

    At that time, Michelin said becoming a shareholder in Symbio would support its work in developing sustainable mobility technologies and program.

    Faurecia will contribute the technological fuel-cell expertise it has developed through a strategic partnership with France's Alternative Energies & Atomic Energy Commission (CEA), its industrial know-how and its strategic relationships with car manufacturers.

    Michelin and Faurecia will be equal owners of the new venture, which will use the Symbio name.

    Faurecia's activities in this area are part of its Clean Mobility business, which develops and produces innovative solutions to drive mobility and industry toward zero emissions. Its solutions for air quality, energy efficiency, acoustic performance and powertrain electrification address the needs of all types of vehicles manufacturers, industrial and high-horsepower engine applications as well as cities and fleet operators.

    Michelin also noted that a separate cooperation with French energy provider Engie Group for the development of a hydrogen ecosystem, in particular in the field of hydrogen mobility, also will benefit the joint venture. Engie also is a minority investor in Symbio.

    Michelin and Faurecia representatives signed the joint-venture memorandum of understanding this week in the presence of Agnès Pannier-Runacher, Secretary of State at the French Ministry for Economy and Finance. This operation is subject to the approval of the competent merger authorities.

    Florent Menegaux, general managing partner and future president of Michelin, said, "This innovative partnership will facilitate the emergence and development of hydrogen mobility: it opens the way to a new form of sustainable mobility. ... The ultimate aim is to develop a complete mobility offer for hydrogen vehicles, from fuel cells to maintenance services."

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Goodyear tabs distributors for Australia, New Zealand
    2
    Goodyear to cut jobs, divest Asia-Pacific locations
    3
    Egypt investors propose $1 billion tire plant project
    4
    China's Aeolus Tyre opens Canada sales subsidiary
    5
    Tire Business ranks the Top 75 Tire Makers of 2023
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • Instagram
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • BEST PLACES TO WORK
    • News
      • MID YEAR REPORT
      • TIRE MAKERS
      • HUMANITARIAN
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • MERGERS & ACQUISITIONS
      • OBITUARIES
      • OPINION
      • SERVICE ZONE
    • ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Events
      • ASK THE EXPERT
      • LIVESTREAMS
      • WEBINARS
      • SEMA LIVESTREAMS
      • RUBBER NEWS EVENTS
    • Resources
      • ADVERTISE
      • AWARDS
        • Best Places to Work
      • CLASSIFIEDS
      • DIRECTORY
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
    • DIGITAL EDITION