Carmaker Stellantis has scrapped plans to launch hydrogen-powered vehicles this year, citing weak market prospects, high investment costs, and insufficient refuelling infrastructure.
Stellantis announced on Wednesday that it would discontinue its hydrogen fuel cell programme, abandoning plans to roll out a new range of hydrogen-powered vehicles in 2025.
The group cited limited infrastructure, high capital requirements, and the absence of strong consumer incentives as the primary reasons behind the decision.
"The hydrogen market remains a niche segment, with no prospects of mid-term economic sustainability," said Jean-Philippe Imparato, chief operating officer for enlarged Europe.
He added that the company needed to make “clear and responsible choices” to stay competitive and better serve customer demand through its electric and hybrid vehicle lines.
Stellantis had initially scheduled the serial production of its Pro One range of hydrogen vans for the summer in Hordain, France, and Gliwice, Poland. However, the automaker now does not anticipate any significant market uptake of hydrogen vans before the end of the decade.
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Hopes for a Ukraine ceasefire have buoyed bond prices, but investors remain sceptical that Friday’s Trump–Putin summit will yield major breakthroughs.
The South Korean government has voiced “deep disappointment and regret” over visits by Japanese officials to a controversial war shrine in Tokyo, urging that any improvement in bilateral ties must be grounded in Japan’s willingness to confront its wartime past, the foreign ministry said on Friday.
Nesting dolls and T-shirts showing Vladimir Putin and Donald Trump are selling fast in Moscow souvenir shops ahead of the leaders’ first meeting since Trump’s return to office, scheduled for Friday in Alaska.
China has called on Cambodia and Thailand to step up efforts to bring about the swift restoration of peace along their shared border, according to a statement from the Chinese foreign ministry released on Friday.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
Hopes for a Ukraine ceasefire have buoyed bond prices, but investors remain sceptical that Friday’s Trump–Putin summit will yield major breakthroughs.
The Trump administration is considering a refugee cap of around 40,000 for the coming year, with the majority of spots reportedly allocated to white South Africans, signaling a significant shift in U.S. refugee policy.
The South Korean government has voiced “deep disappointment and regret” over visits by Japanese officials to a controversial war shrine in Tokyo, urging that any improvement in bilateral ties must be grounded in Japan’s willingness to confront its wartime past, the foreign ministry said on Friday.
Nesting dolls and T-shirts showing Vladimir Putin and Donald Trump are selling fast in Moscow souvenir shops ahead of the leaders’ first meeting since Trump’s return to office, scheduled for Friday in Alaska.
China has called on Cambodia and Thailand to step up efforts to bring about the swift restoration of peace along their shared border, according to a statement from the Chinese foreign ministry released on Friday.
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