Automotive

Investing and Expanding

Stellantis is investing in hydrogen, and Faction is investing in replacing the gig economy.
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Investing and Expanding

Stellantis is getting into the hydrogen game. While critically moving toward electrification, the auto group has started the process of acquiring Symbia to develop an exclusive hydrogen solution. The company plans to release hydrogen vans in Europe by 2024 and in the US the following year.

Their press release said they don't plan on sharing the tech. Which we assumed, but now that they have said it out loud, it still seems rude.

Faction is yet another driverless electric delivery vehicle company in San Francisco. What is unique about this one is that instead of being a small robot or regular car, the company uses a 3-wheel platform. They started deliveries for one company in July, but have focused on expansion. Currently, they charge about $2 per mile for deliveries.

Think of all the costs you'll save on that 4th tire!

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