Symbio, a Michelin and Faurecia hydrogen company, and Schaeffler signed an agreement for the creation of a 50:50 joint venture to produce fuel cell bipolar plates for global mobility and energy solutions. The JV will be located in Haguenau, in the Alsace region, France. It will combine the know-how of leading European automotive suppliers and a global leader in automotive fuel cell technology who together see vast potential in the developing hydrogen economy. It will also build a Franco-German partnership aiming at strengthening the European hydrogen mobility value chain.