Stellantis N.V. (NYSE:STLA) shares dropped 8.6% as the company abandoned its hydrogen fuel cell technology plans due to lack of infrastructure, high costs, and weak consumer incentives. The hydrogen-powered Pro One vehicle launch is postponed, with no plans for hydrogen vehicles until the end of the decade.

Stellantis (STLA) emphasized the niche status of the hydrogen market, opting to focus on electric and hybrid vehicles for future competitiveness. The company aims to meet customer expectations and ensure sustainability by pivoting away from hydrogen technology.

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Read more at Yahoo Finance: Stellantis (STLA) Loses 8.6% on on Hydrogen Tech Pullout