While court-ordered liquidation appears to be on the horizon, McPhy is still operational and actively seeking solutions for a partial sale of its assets. The Belfort gigafactory is one of the key sites involved.

Stock market announcements can often be difficult to interpret. In this case, Hydrogen Today may have jumped the gun with its 15 May article declaring McPhy’s liquidation. It was accurate in stating that no buyer had come forward for a full acquisition of the company (known as a “going concern” takeover), and that McPhy’s future is under serious threat. However, the matter has not yet been formally brought before the courts.

At this point, McPhy has not been placed in receivership—though that step appears imminent. According to reliable sources, discussions are still ongoing with potential buyers interested in acquiring certain assets. One of the most attractive is clearly the Foussemagne gigafactory in the Belfort area, which is currently leased. This facility is seen as a valuable asset that will likely attract serious attention from within the industry.

McPhy continues to work intensively to find a path through this crisis, with a focus on maintaining industrial operations and protecting its workforce.

Here is the company’s official press release, published on 14 May. It is important to read it carefully to understand the distinction between the ongoing conciliation procedure (aimed at finding buyers) and the potential compulsory liquidation to follow.

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