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Michelin is intensifying efforts to make fuel cells as the French company bets that growing demand for hydrogen vehicles will help reduce its dependence on tires.
Chief Executive Officer Florent Menegaux will unveil a new growth strategy later Thursday and provide details on three main avenues for diversification. The tire maker has said fuel-cell production, 3D printing and composite materials will generate billions of euros in additional revenue and account for as much as 30% of sales by the end of this decade.
Michelin’s expansion into hydrogen is built around Symbio, its venture with car-parts maker Faurecia SA. The business is developing what it claims will be Europe’s biggest hydrogen-systems factory. The Saint-Fons site in eastern France will supply fuel cells for a new range of cargo vans produced by Stellantis NV and is in talks for additional orders, accordi
Great Wall to roll out its first hydrogen fuel-cell SUV autonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autonews.com Daily Mail and Mail on Sunday newspapers.
Hyundai Motor s hydrogen-powered truck concept Neptune, unveiled at a Chinese import expo in 2019.
Hyundai Motor Co. has signed a contract to build its first overseas hydrogen fuel cell systems plant in China as the South Korean company aims to enter the world’s largest auto market by building its hydrogen vehicles there.
The top Korean automaker said on Jan. 15 that the construction of the plant in China s southern city of Guangzhou will begin in February with a view to completion in the second half of 2022.
Hyundai will own 100% of the plant.
Once completed, the plant will produce 6,500 fuel cell systems for hydrogen-powered vehicles annually and gradually increase output volumes depending on market demand, Hyundai said in a statement.