Automotive equipment supplier Faurecia is setting its sights on becoming a leader in hydrogen mobility.
Powertrain electrification continues to gain momentum and the French firm estimates there will be 30% full electric vehicles (battery and fuel cell) in 2030.
Faurecia estimates hydrogen mobility will be a €17bn market of 2.5 million vehicles in 2030 and is therefore targeting €500m of sales in 2025 and more than €3.5bn by 2030.
“As hydrogen mobility rapidly gains momentum, our investment in fuel cell technologies will enable us to become a leader in both hydrogen storage systems and fuel cell stack systems through Symbio, our joint venture with Michelin,” said Patrick Koller, CEO of Faurecia.
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