Finance
Stellantis to Exit Symbio Jv by May at 235 Million Euro Cost, Les Echos Reports
Published by Global Banking & Finance Review®
Posted on April 13, 2026
2 min readLast updated: April 14, 2026
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Stellantis plans to exit its hydrogen fuel‑cell JV Symbio by May, incurring €235 million in costs. A €145 million write‑off plus €90 million cash payment is expected, as the JV’s 50‑50 between Michelin and Forvia solidifies.
Stellantis to Exit Symbio Joint Venture by May at €235 Million Cost
Stellantis' Withdrawal from Symbio: Timeline, Costs, and Implications
Overview of Stellantis' Divestment
April 13 (Reuters) - Stellantis' divestment from hydrogen fuel cell joint venture Symbio is expected to be finalised by May, with a cost to the company of 235 million euros ($275.6 million), French newspaper Les Echos reported on Monday.
End of Hydrogen Fuel Cell Programme
The carmaker announced the end of its hydrogen fuel cell technology programme in July 2025, saying it will no longer launch hydrogen-powered vehicles.
Impact on Symbio Joint Venture
This raised questions over the future of Symbio, its joint venture with Forvia and Michelin, as Stellantis accounted for 80% of Symbio's business volume.
Details of the Exit Process
Conciliation and Shareholding Changes
Les Echos said the exit is expected to be finalised by May, following a conciliation process with its co-shareholders which should result in a new shareholding structure at Symbio, with Michelin and Forvia each holding 50% of the capital.
Financial Terms of the Withdrawal
Stellantis will have to pay its partners an estimated 235 million euros in compensation for the early withdrawal, Les Echos said, without giving details of the source of that figure.
Breakdown of Compensation
Of that, 145 million euros will be written off, and 90 million euros to be paid in cash, it added.
Additional Information
Company Response and Currency Conversion
Stellantis declined to comment.
($1 = 0.8528 euros)
(Reporting by Mathias de Rozario; Editing by Jan Harvey)
Key Takeaways
- •Stellantis will exit the Symbio joint venture by May, paying €235 million as compensation, split into €145 million impairment and €90 million in cash.
- •Symbio, where Stellantis previously held a one‑third stake alongside Michelin and Forvia, will become co‑owned equally by Michelin and Forvia.
- •This follows Stellantis’ mid‑2025 decision to terminate its hydrogen fuel cell programme due to limited market prospects and infrastructure constraints.
Frequently Asked Questions about Stellantis to exit Symbio JV by May at 235 million euro cost, Les Echos reports
1What is the cost of Stellantis exiting the Symbio joint venture?
Stellantis' divestment from Symbio is expected to cost the company 235 million euros, with 145 million euros written off and 90 million euros paid in cash.
2When will Stellantis finalize its exit from Symbio?
The Stellantis exit from Symbio is expected to be finalized by May.
3What will happen to Symbio's ownership after Stellantis leaves?
After Stellantis exits, Michelin and Forvia are expected to each hold 50% of Symbio's capital.
4Why is Stellantis leaving the Symbio joint venture?
Stellantis announced it will end its hydrogen fuel cell technology program in July 2025 and will no longer launch hydrogen-powered vehicles.
5How much of Symbio's business volume did Stellantis account for?
Stellantis accounted for 80% of Symbio's business volume prior to the exit.