Stellantis said it would end efforts to develop hydrogen vehicles as it focuses its resources on electric cars and hybrids to meet EU’s tougher emissions standards.
The decision leaves Stellantis’s hydrogen joint venture with Michelin and Forvia facing an uncertain future, with its partner companies warning of “serious and immediate operational and financial consequences”.
The move by the owner of the Peugeot, Fiat and Opel brands also means that only a handful of carmakers, including Toyota, Hyundai and BMW, remain committed to expanding the use of hydrogen fuel cells as higher costs impede widespread development outside of China.
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