Stellantis NV Discontinues Hydrogen Fuel Cell Development Program and Van Production
Stellantis NV, a multinational automobile and commercial vehicle manufacturer, has announced the discontinuation of its hydrogen fuel cell development program and van production. The decision was made due to a lack of commercial viability for this technology.
Reasons for Discontinuation
The company cited a lack of commercial viability for hydrogen fuel cell technology as the primary reason for discontinuing the program. This decision may impact the French hydrogen industry, as Stellantis was a major customer for start-up Symbio.
Impact on Stock Price
The announcement has had little impact on Stellantis’ stock price, which has remained relatively stable despite the news. The company’s shares have not been affected by the decision to discontinue the hydrogen fuel cell development program.
Industry Implications
The move is seen as a setback for the hydrogen fuel cell industry. However, the discontinuation of the program has not had a significant impact on Stellantis’ overall performance.
Key Facts
- Stellantis NV is a multinational automobile and commercial vehicle manufacturer.
- The company has discontinued its hydrogen fuel cell development program and van production.
- The decision was made due to a lack of commercial viability for hydrogen fuel cell technology.
- The announcement has had little impact on Stellantis’ stock price.