Faurecia Emphasizes CO2-Neutral Commitment With Hydrogen Systems For Commercial And Industrial Uses

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FARMINGTON HILLS, Mich., Oct. 8, 2021 /PRNewswire/ — As the United States works towards an energy economy with zero carbon emissions by 2050, hydrogen fuel cell technology will be critical in complementing renewable electricity to reach this goal.

Faurecia’s product portfolio and hydrogen storage solutions offer a complete range of hydrogen fuel cell solutions to meet all power and durability needs from light-duty to commercial and heavy-duty vehicles.

Today, Faurecia stands in unity with the scientists and engineers across the country who will celebrate Hydrogen and Fuel Cell Day, which is celebrated on Oct. 8 because the atomic weight of hydrogen (1.008). In line with its goal to become CO2 neutral by 2030, Faurecia boasts the expertise and technology to support the country’s zero-emission objective while supporting customers with holistic hydrogen fuel system solutions.

“Faurecia’s product portfolio and hydrogen storage solutions, enriched by Symbio’s stack systems technologies offer a complete range of hydrogen fuel cell solutions to meet all power and durability needs from light-duty to commercial and heavy-duty vehicles as well as design expertise that enables us to support customer vehicle integration needs,” said Jose-Vicente March, Vice President Zero Emissions, Faurecia Clean Mobility North America.

Faurecia’s industry leading hydrogen technology offers key benefits, including longer driving range, faster refueling times, and a lower tank weight, allowing scalability for passenger and commercial vehicles. Most important it offers a reduced total cost of ownership, a measurement in which fuel cell electric vehicles are estimated to overtake battery electric vehicles between 2023 and 2030.

Reducing the cost of hydrogen mobility is key in offering a competitive solution, and with its R&D capabilities and industrial know-how, Faurecia and Symbio plan to reduce the cost of hydrogen storage systems and stacks by more than 75% by 2030. In designing the next generation tanks, Faurecia is innovating for a more durable, sustainable and longer-life product with best in-class safety, performance and cost-efficiency.

Key developments as Faurecia continues to develop its leadership position in hydrogen:

Faurecia has created a global center of expertise for hydrogen in France. In this center of expertise, Faurecia develops the next generations of homologated, smart, lightweight and cost-competitive hydrogen storage systems that increase performance without mitigating safety.

  • Faurecia and Michelin created a 50-50 joint venture named Symbio. Symbio has developed a comprehensive range of fuel cell stacks for broad applications across the automotive industry. Called StackPacksTM, these fuel cell stacks can be adapted to light & medium-duty commercial vehicles, trucks, buses and passenger cars.
  • In April 2021 Faurecia successfully completed its acquisition of CLD, one of the leading manufacturers of hydrogen tanks in China. Through this acquisition, Faurecia was awarded a contract by SAIC Motor to provide hydrogen tanks for a large fleet of commercial vehicles. CLD has also been recently certified by the Chinese central government as the first domestic producer of Type IV hydrogen tanks. 
  • Faurecia and Symbio will supply Stellantis with fuel cell stacks and hydrogen storage systems for light commercial vehicles.  Faurecia will also equip around 1,600 Hyundai heavy duty trucks to be delivered to Hyundai Hydrogen Mobility in Switzerland.
  • In 2021, Faurecia became a major member in key hydrogen associations in North America including Fuel Cell & Hydrogen Energy Association (FCHEA) and California Fuel Cell Partnership (CaFCP). As hydrogen mobility rapidly gains momentum, Faurecia is at the heart of a growing ecosystem of partners supporting its industrialization and adoption at scale.

Consequently, Faurecia is well-positioned to support growing demand for zero-emissions hydrogen mobility solutions globally. The company plans to expand its hydrogen footprint into North America as it establishes a new hydrogen R&D and manufacturing site.

Press contact

Analysts/Investors contact

Eric Fohlen-Weill

Director of Corporate Communication

eric.fohlen-weill@faurecia.com

Marc Maillet

Director of Investor Relations

marc.maillet@faurecia.com 

About Faurecia

Founded in 1997, Faurecia has grown to become a major player in the global automotive industry. With 266 industrial sites, 39 R&D centres and 114,000 employees in 35 countries, Faurecia is a global leader in its four areas of business: seating, interiors, Clarion Electronics and clean mobility. The Group’s strong technological offering provides carmakers with solutions for the cockpit of the future and sustainable mobility. In 2020, the Group reported total turnover of €14.7 billion. Faurecia is listed on the Euronext Paris market and is a component of the CAC Next 20 index. Find out more at: www.faurecia.com

Faurecia’s vision for hydrogen

Societal and political pressure on the automotive industry to reduce emissions has never been higher. As stringent new regulations come into force around the world, and with demand for electrified vehicles constantly increasing, Faurecia has made sustainable mobility a strategic priority.

Hydrogen mobility is rapidly gaining momentum and Faurecia is at the heart of a growing ecosystem of partners supporting its industrialization and adoption at scale. Faurecia has a clear roadmap to develop hydrogen solutions adapted to different use cases in passenger cars, commercial vehicles, logistics, industries and beyond over the coming decade. The Group covers 75% of the hydrogen powertrain with hydrogen storage systems, as well as fuel cell stack systems through Symbio, our joint venture with Michelin. Faurecia ambitions to become a world leader in hydrogen mobility and targets €3.5bn sales by 2030.

By 2050, the Group aims to be CO2 neutral for total emissions including the use phase of our products.

 

Combining Faurecia and Hella will create the #7 global automotive supplier with a highly advanced technology portfolio addressing all industry megatrends. (PRNewsfoto/Faurecia)

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SOURCE Faurecia

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