Core Viewpoint - Hyundai Motor Company has achieved a five-star rating for its all-new NEXO in the Euro NCAP safety assessment, highlighting its commitment to safety in its electrified vehicle lineup [1][2]. Group 1: Safety Achievements - The Hyundai NEXO, a hydrogen fuel-cell electric SUV, emits only water vapor and represents the company's vision for zero-emission mobility [2][6]. - The NEXO scored 90% in Adult Occupant Protection and 85% in Child Occupant Protection, demonstrating outstanding performance in safety assessments [5][7]. - This achievement continues Hyundai's trend of five-star ratings, following similar results for the IONIQ 5, IONIQ 6, and IONIQ 9 [2][7]. Group 2: Safety Assessment Details - Euro NCAP evaluates vehicles based on four categories: adult occupant protection, child occupant protection, protection of vulnerable road users, and safety assistance technologies [4]. - The NEXO secured maximum points for adult whiplash protection in rear impacts and for child dummies in frontal and side impact tests [7]. - Hyundai's long-term commitment to safety innovation and hydrogen technology is reinforced by this latest recognition [6][7].

Core Insights - Michelin, Forvia, and Stellantis have reached an agreement on a restructuring and refinancing package for their hydrogen fuel cell joint venture, Symbio, amid uncertainty regarding its future [1][2] - Stellantis previously accounted for approximately 80% of Symbio's business volumes, making the joint venture vulnerable after Stellantis halted its hydrogen fuel cell technology program [2] - Symbio plans to reduce its workforce to 175 as part of the restructuring, which management describes as essential for the company's survival [2][3] Business Strategy - Symbio aims to adapt its strategy and organization to align with its new scope of activities following the restructuring [2] - The company will continue to develop its core hydrogen technologies, including a 75kW fuel cell system for buses, coaches, and data centers [3][4] - Symbio targets a production capacity of 10,000 systems per year at its SymphonHy gigafactory in Saint-Fons by 2028-2030 [4] Future Developments - Research and development efforts will focus on a next-generation 150kW fuel cell system for heavy-duty vehicles, with a potential commercial rollout expected around 2030 [4]