Stellantis Halts Development of Hydrogen Fuel Cell Technology Program
As a result, Stellantis will no longer launch its new range of hydrogen-powered Pro One vehicles this year. Serial production was scheduled to start this summer in Hordain, France (medium-sized vans) and Gliwice, Poland (large vans).
'In a context where the Company is mobilizing to respond to demanding CO2 regulations in Europe, Stellantis has decided to discontinue its hydrogen fuel cell technology development program,' explains Jean-Philippe Imparato, Chief Operating Officer for Enlarged Europe. 'The hydrogen market remains a niche segment, with no prospects of mid-term economic sustainability. We must make clear and responsible choices to ensure our competitiveness and meet the expectations of our customers with our electric and hybrid passenger and light commercial vehicles offensive.'
This decision will not impact staffing at Stellantis' production sites. R&D activities related to hydrogen technology will be redirected to other projects.
The current state of the hydrogen segment also presents financial challenges for various stakeholders.
In this context, Stellantis has initiated discussions with the shareholders of Symbio to evaluate the current market consequences and to preserve the best interests of Symbio, in line with their respective obligations.
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Stellantis Halts Development of Hydrogen Fuel Cell Technology Program
Stellantis today announced its decision to discontinue its hydrogen fuel cell technology development program. Due to limited availability of hydrogen refueling infrastructure, high capital requirements, and the need for stronger consumer purchasing incentives, the Company does not anticipate the adoption of hydrogen-powered light commercial vehicles before the end of the decade. As a result, Stellantis will no longer launch its new range of hydrogen-powered Pro One vehicles this year. Serial production was scheduled to start this summer in Hordain, France (medium-sized vans) and Gliwice, Poland (large vans). 'In a context where the Company is mobilizing to respond to demanding CO2 regulations in Europe, Stellantis has decided to discontinue its hydrogen fuel cell technology development program,' explains Jean-Philippe Imparato, Chief Operating Officer for Enlarged Europe. 'The hydrogen market remains a niche segment, with no prospects of mid-term economic sustainability. We must make clear and responsible choices to ensure our competitiveness and meet the expectations of our customers with our electric and hybrid passenger and light commercial vehicles offensive.' This decision will not impact staffing at Stellantis' production sites. R&D activities related to hydrogen technology will be redirected to other projects. The current state of the hydrogen segment also presents financial challenges for various stakeholders. In this context, Stellantis has initiated discussions with the shareholders of Symbio to evaluate the current market consequences and to preserve the best interests of Symbio, in line with their respective obligations. تم نسخ الرابط
Mid East Info
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Investcorp raises a €240m single-asset continuation fund to support HWG Sababa in the next phase of growth - Middle East Business News and Information
Investcorp, a leading global alternative investment firm, today announced the completion of the sale of a majority stake in leading Italian cybersecurity provider HWG Sababa S.r.l. (the 'Company')[1] by Investcorp Technology Partners Fund V ('ITP V') and certain other investors, to an oversubscribed €240m single-asset continuation fund managed by Investcorp (the 'Fund'). The sale, in which ITP V sold the entirety of its interest in the Company, marks the first exit by ITP V, an oversubscribed $570M fund managed by Investcorp and closed in 2024. The Fund, which closed in June 2025, is managed by Investcorp and is anchored by commitments from funds advised by Hayfin Capital Management ('Hayfin') and Coller Capital ('Coller'). The Fund includes participation from certain investors in ITP V, from Investcorp Technology Partners ('ITP') employees and from new investors, including Hayfin and Coller, among others. 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World Bank announces $250 mln for Lebanon reconstruction - Region
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