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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.