Turnover: 420 million USD (2022)

Country: France

  • Since 2010, Symbio FCell has been developing hydrogen fuel cell kits for electric vehicles
  • After a name change in early 2018, Symbio is asserting itself as a new-generation OEM that offers engineering and digital services alongside its hydrogen fuel cell kits.
  • In particular, the company offers integrated solutions that provide fleet management, displaying information such as remaining range or battery and hydrogen gauge levels.
  • A joint venture between Faurecia and Michelin, who share the former startup's capital equally.

april 30, 2021 - Symbio launches into training - source(Automobile Entreprise)

  • Symbio Hydrogen Academy opens (hydrogen-specific training courses)
  • Goal of training 300 people a year
  • In partnership with local players, companies and schools (Mines Paris Tech).

april 27, 2021 - new production zone in France for Symbio - source(Connaissance des énergies)

  • Start-up end 2019: 50 employees, 350 in 2021, with a forecast of 600 thanks to the new plant
  • Future plant project worth 140 million euros
  • Start of production expected in 2023, for 200,000 systems produced per year by 2030
  • Expected sales of 1.5 billion euros.

News

Political inauguration of the Symbio gigafactory 09/12/2023

  • A new Symbio industrial plant was inaugurated on December 5 in Saint-Fons (Rhône, France), with an initial capacity of 16,000 fuel cell systems.
  • The plant employs 750 people on site.
  • Symbio has received nearly 600 million euros in European and national public funding.
  • Investments planned by Symbio between 2021 and 2028 are in the region of one billion euros.
  • Symbio's ambition is to produce 200,000 fuel cell systems a year and generate sales of 1.5 billion by 2030.
  • The first target is to reach production of 50,000 systems a year by 2026.
  • Their partner, Stellantis, has the capacity to assemble 5,000 hydrogen vehicles a year from 2024.
  • Symbio hydrogen-powered vehicles sell for over €100,000
  • The cost of energy represents up to 75% of the cost of hydrogen production.

Symbio to produce 50,000 hydrogen fuel cells annually 06/12/2023

  • Symbio aims to produce 50,000 hydrogen fuel cell systems.
  • The joint venture has earmarked one billion euros for industrial deployment by 2028
  • More than half of this amount comes from the Hydrogen PIIEC, a joint French and European Union funding program.
  • The production site currently employs 650 people, with a further 100 or so working at the Vénissieux site.
  • The French government is supporting the hydrogen industry with a €9 billion plan.
  • Symbio works with around 20 customers.
  • Current production capacity is 5,000 units a year, but only 400 vehicles have been ordered to date.
  • The cost of a hydrogen system is currently around €10,000.
  • Symbio hopes to halve this cost by 2030.

Stellantis finalizes its entry into Symbio, alongside Faurecia and Michelin 16/05/2023

  • Stellantis stake in Symbio: 33.3
  • Symbio production target: 50,000 hydrogen fuel cells per year by 2025
  • Total annual production capacity in France targeted by Symbio: 100,000 systems by 2028
  • Job creation by Symbio in France: 1,000 jobs
  • Symbio investment in a second gigafactory in France: €1 billion over seven years
  • Symbio sales forecast for 2030: €1.5 billion

Symbio to open its first plant in the United States 06/05/2023

  • France's Symbio, manufacturer of fuel cells for mobility
  • Assembly plant to open in California by the end of the year
  • Production capacity of 2,000 fuel cell systems per year by 2025
  • Creation of 63 jobs in the 3,000-square-meter plant
  • Symbio employs 600 people
  • Gigafactory inaugurated in Saint-Fons in December
  • Forecast sales of 1.5 billion euros by 2030
  • Cumulative investment of one billion euros by 2028

Symbio: Stellantis invests in the hydrogen sector 02/01/2023

  • Stellantis acquires a stake in fuel cell supplier Symbio
  • The company aims to manufacture 50,000 fuel cells by 2025, rising to 100,000 by 2028, with the creation of 1,000 jobs
  • The start-up is 50% owned by Stellantis, and 50% by Michelin
  • The automotive group is banking on hydrogen for its commercial vehicles built at its Hordain plant in the Nord region of France
  • The automaker aims to manufacture between 5,000 and 10,000 hydrogen-powered vans by 2024, compared with just 100 in 2021 and around 300 this year

Hydrogen: Symbio accelerates its industrial and commercial development 13/07/2022

  • Symbio is a 50-50 subsidiary of Forvia and Michelin
  • The Saint-Fons plant under construction could produce 50,000 batteries a year by 2025, rising to 100,000 by 2028
  • 140 million euro investment 400 supplier jobs and 600 Symbio jobs
  • Partnership with Engie and CNR to supply green hydrogen over 15 years, and with Horiba France to build test benches
  • The plant is due to start up in summer 2023, with an initial capacity of 15,000 systems per year

Financial Data

DUNS: 521148890

Legal Name: SYMBIO

Address: 5 RUE SIMONE VEIL , 69200 VENISSIEUX

Number of employees: Entre 250 et 499 salariés (2020)

Capital: 1 022 040 EUR


Financial Data:

Year 2019 2018 2017 2016 2015
Turnover 4 331 150 1 694 955 3 498 153 2 862 684 1 989 151
Gross margin (€) 2 280 233 2 656 914 2 362 996 2 010 568 1 118 358
EBITDA (€) -18 986 952 -7 773 081 -5 039 201 -4 570 168 -4 292 865
Operating profit (€) -21 390 456 -8 594 230 -6 579 552 -6 826 047 -5 492 529
Net profit (€) -21 060 478 -8 366 240 -5 989 858 -6 550 602 -5 131 982
Turnover growth rate (%) 155,5 -51,5 22,2 43,9 -
Ebitda margin rate (%) -438,4 -458,6 -144,1 -159,6 -215,8
Operating margin rate (%) -493,9 -507 -188,1 -238,4 -276,1
Working Capital (turnover days) -93,4 -84,4 58,5 210,6 -399
Working Capital requirements (turnover days) -626,8 297,7 41,5 131 -305,3
Net margin (%) -486,3 -493,6 -171,2 -228,8 -258
Added value / Turnover (%) -321,2 -265,7 -107,6 -114,6 -180,2
Wages and social charges (€) 5 642 147 4 196 746 2 713 289 2 096 420 1 584 215
Salaries / Turnover (%) 130,3 247,6 77,6 73,2 79,6

Company Managers:

Position First Name Last Name Age Linkedin
Président du conseil d'administration Maude Laëtitia PORTIGLIATTI 50
Président du conseil d'administration Olivier LEFEBVRE 51
Président Philippe ROSIER 59
Administrateur Amaury Emmanuel Gwenole Didier TIBERGHIEN 45
Administrateur Olivier LEFEBVRE 51
Membre du conseil d'administration Yann Henri Nicolas BRILLAT-SAVARIN 44
Membre du conseil d'administration Vincent Denis Marie Joseph ROUSSET-ROUVIERE 59
Membre du conseil d'administration Maude Laëtitia PORTIGLIATTI 50
Membre du conseil d'administration Damien Pierre Marie BUET 45

Studies mentioning this company

The hydrogen market - France

Other companies mentioned:

  • Mc Phy
  • Hydrogenics
  • Linde
  • STEP (Hype)
  • Symbio
  • Ballard Power systems
  • Toyota
  • Faber Cylinders
  • Forvia (ex Faurecia)
  • Hydrogen Council
  • Air Liquide
  • EDF
  • HDF (Hydrogène de France)
  • Atawey
  • Lhyfe
  • Safra
  • Elyse Energie
  • Roth2
  • Genvia
  • Hélion Astom Hydrogen Alsthom
  • Chemours
  • HySiLabs
  • Technip Energie
  • Verso Energy
  • 45-8 Energy
  • Vallourec
  • HEF Groupe
The electric cars market - France

Other companies mentioned:

  • Tesla
  • Nissan
  • BMW Mottorrad
  • Hyundai Motors
  • Toyota
  • LG Chem
  • Symbio
  • Saft
  • Forsee Power
  • Blue Solutions (Bolloré Groupe)
  • Volvo Polestar
  • Polycrystal
  • MG Motor France
  • Audi (Volkswagen Group)
  • KIA
  • Mini (BMW)
  • Lexus France
  • Cupra (Seat group)
  • Mazda
  • Smart
  • DS Automobiles (Stellantis)
  • Abarth
  • Aiways Automobile
  • Fisker
  • Jeep
  • Chevrolet
  • Aston Martin
  • Cadillac
  • Stellantis (Groupe PSA et Fiat)
  • Renault Groupe