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May 18, 2021

Faurecia secures hydrogen tanks contract from SAIC

Faurecia has won a contract from SAIC to provide hydrogen tanks for a fleet of commercial vehicles.

Faurecia has won a contract from SAIC to provide hydrogen tanks for a fleet of commercial vehicles.

The award from SAIC enables Faurecia to confirm an order intake of more than EUR250m (US$305m) lifetime sales to date, on track to reach the target of EUR500m order intake in 2021 for zero emission hydrogen solutions.

“This recent contract from SAIC is our first award in China since the acquisition of a majority stake in CLD”, said Faurecia CEO, Patrick Koller.

“The growth of our fuel cell system business, both in volume and across markets, confirms our vision and strategy for hydrogen mobility.”

Alongside this latest award for SAIC, Faurecia and Symbio, its joint venture with Michelin, will equip light commercial vehicles, buses and commercial vehicles for Safra and Stellantis with fuel cell stacks and hydrogen storage systems.

Starting deliveries this summer and during a four-year period, Faurecia will also equip around 1,600 Hyundai heavy-duty trucks that will be delivered to Hyundai Hydrogen Mobility in Switzerland.

Faurecia and Renault also announced earlier this year their intention to collaborate on hydrogen storage systems for hydrogen light commercial vehicles.

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