European carmaker Stellantis is expected to fully withdraw from its hydrogen fuel cell joint venture Symbio by May, in a move that will cost the company around €235 million, according to French media reports.
The exit follows Stellantis’ decision in mid-2025 to end its hydrogen vehicle programme, effectively stopping plans to develop and launch hydrogen-powered cars.
The joint venture Symbio is co-owned with tyre maker Michelin and automotive supplier Forvia, both of which are expected to take over full control of the business once Stellantis leaves.
Reports say Stellantis will pay compensation to its partners as part of the withdrawal deal, including a mix of cash payment and write-downs.
The move marks a setback for hydrogen technology in the automotive sector, where several manufacturers have scaled back investment due to high costs and slow market adoption.
Stellantis had previously accounted for the majority of Symbio’s business activity, making its exit a major restructuring for the joint venture.
The final agreement is expected after ongoing discussions with shareholders, with the new structure likely to leave Symbio jointly owned by Michelin and Forvia.
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