Faurecia will contribute its expertise in fuel cell technology, developed through a strategic partnership with CEA, as well as strong industrial know-how and strategic relationships with automotive manufacturers. Faurecia intends to continue its development of high pressure hydrogen tanks in collaboration with Stelia Aerospace Composites, from which the joint venture is also expected to benefit. Likewise, it will benefit from the collaboration between Michelin and the global energy and services group ENGIE.
Florent Menegaux, General Managing Partner and future President of the Michelin Group, explains: "This innovative partnership will facilitate the emergence and development of hydrogen mobility: it paves the way for a new form of sustainable mobility. The aim is to develop a complete mobility offer for hydrogen vehicles from the fuel cell to the maintenance service".
Patrick Koller, Chief Executive Officer of Faurecia, said: "Our shared vision and the complementarity of our technological know-how will accelerate the market introduction of efficient fuel cell systems adapted to different applications. Our common goal is to create a competence center for hydrogen mobility in France through the gradual integration of our activities".
The project is still subject to the approval of the relevant antitrust authorities.