2023 was a particularly busy year for Symbio, the innovation and industrialization partner of hydrogen zero-emission mobility pioneers. In July, its ownership structure changed with Michelin’s sale of part of its stake to Stellantis, which will help spur Symbio’s expansion in Europe and the United States. Following the transaction, Symbio is now equally owned by Michelin, Forvia and Stellantis. Then, in December, another major event was the inauguration of the company’s first gigafactory, SymphonHy, in Saint-Fons in the Auvergne-Rhône-Alpes region in France. The largest integrated fuel cell production plant in Europe, SymphonHy has a high level of automation and robotics, supporting large-scale industrial production at more competitive cost. This important breakthrough has consolidated Symbio’s technological and industrial leadership in driving the faster roll-out of clean, competitive, sustainable high-performance hydrogen-powered mobility, thereby helping to further the energy transition and to meet French and European low-carbon objectives. SymphonHy is an integral part of HyMotive, a strategic €1 billion project to develop disruptive technology, supported by the European Union and the French government as part of the IPCEI* program. The site also houses the Group’s headquarters, an innovation center of technological and industrial excellence, and the Symbio Hydrogen Academy. Symbio scales up and accelerates its transformation 16,000 fuel cell systems currently produced, 50,000 by 2026 More than 450 engineers, including 100 dedicated to innovation An energy selfsufficient site A BREEAM “Very Good” certified site *Important project of common European interest CAPITALIZING ON OUR FUNDAMENTALS High-Tech Materials High-Tech Materials _24 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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