Press Release | February 28, 2024

Kawasaki Heavy Industries and Symbio
Sign Memorandum of Understanding
on Joint Development of Fuel Cell Systems
Tokyo (Japan) / Saint-Fons (France) – Kawasaki Heavy Industries (Kawasaki) andSymbio concluded a Memorandum of Understanding (MOU) on the joint
development of fuel cell systems for mobilities including construction
machinery.
Through this MOU, Kawasaki and Symbio aim to integrate and leverage Kawasaki’s networkin construction machinery and its development & manufacturing experience for high-pressurehydrogen gas valves with Symbio's expertise in fuel cell technology for automobiles. Bothcompanies will explore the application of fuel cell systems to mobilities including construction
machinery solutions planned by potential customers. The extensive experience andtechnology of both leverages to further advance the development of more efficient low-carbon
fuel cell systems.
Kawasaki's hydraulic products for construction machinery have been adopted by numerous
construction machine manufacturers since the development and delivery of hydraulicequipment for the first domestic hydraulic excavator in the 1960s. Kawasaki has also
developed high-pressure hydrogen gas valves for fuel cell vehicles, mass-producing them forindustrial vehicles and major overseas automakers.
Symbio is a leading company in hydrogen fuel cell systems for commercial light duty, medium
and heavy-duty vehicles supplied to major automotive OEMs and other mobility applications.
The group enjoys over 30 years of experience in fuel cell system development and a solid trackrecord of more than 8 million kilometers driven by its solutions.
Through this MOU, Kawasaki and Symbio will further accelerate their hydrogen businessinitiatives and contribute to the achievement of global carbon neutrality goals and global
decarbonization, giving the world a sustainable future.
About Kawasaki Heavy Industries
Kawasaki Heavy Industries, Ltd. is general engineering manufacturer with over 125 years of experience
manufacturing products spanning land, sea and air.
Kawasaki established the Kawasaki Group’s new vision statement, “Group Vision 2030: Trustworthy
Solutions for the Future,” and is focusing on three fields, “A Safe and Secure Remotely-ConnectedSociety,” “Near-Future Mobility,” and “Energy and Environmental Solutions” in order to provide solutionsfor social issues. For “Energy and Environmental Solutions” in particular, by securing the technology
necessary for the entire supply chain (for production, transportation, storage and utilization) ahead of
the rest of the world, Kawasaki aims to bring about a society that utilizes hydrogen, the ultimate clean
energy that emits no carbon dioxide when used.
To learn more, visit https://global.kawasaki.com/en/

About Symbio
Symbio is a leading technology and industrial partner for sustainable mobility pioneers. A front-runner inzero-emission hydrogen mobility, Symbio combines industrial leadership, breakthrough innovation, andentrepreneurial agility to create tailor-made solutions and support its clients in the deployment of
their clean mobility roadmaps. Symbio designs and manufactures a wide range of StackPacks (pre-PUBLIC

integrated and pre-validated fuel cell systems) that meet all power, durability, and autonomy needs ofon-road and off-road hydrogen mobility.
In 2023, Symbio inaugurated SymphonHy, the largest integrated fuel cells Gigafactory in Europe, witha capacity of 50,000 fuel cell systems per year. The Group ambitions to manufacture
200,000 StackPacks annually by 2030 to accelerate the deployment of clean mobility that is respectfulof both the environment and health.
An equally-owned joint venture between Forvia, Michelin, and Stellantis, Symbio combines 30 years’
experience, and has a track record of more than 8 million kilometers driven by its solutions. To learn
more, visit www.symbio.one.

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