Toyota to Join Daimler Truck and Volvo Group as Equal Partner in Fuel Cell Joint Venture cellcentric

Toyota Motor Corporation, Daimler Truck AG, and the Volvo Group have signed a non-binding cooperation agreement to establish Toyota as an equal shareholder in the fuel cell joint venture cellcentric.

Under the agreement, the three companies will collaborate on equal terms to develop, produce, and commercialize fuel cell systems for heavy-duty vehicles and comparable heavy-duty applications. Toyota and cellcentric will jointly manage the development and production of fuel cell unit cells—the core components of fuel cell systems—along with associated architecture and control elements.

The partnership aims to leverage complementary capabilities: Daimler Truck and Volvo bring extensive commercial vehicle expertise, while Toyota contributes fuel cell development technology, production expertise, and manufacturing experience. The collaboration is intended to strengthen cellcentric's technological advantage and market competitiveness.

cellcentric will serve as the joint center of competence for developing, producing, and commercializing fuel cell systems for heavy-duty on- and off-road transport and other applications with comparable requirements. The partners also intend to work with industry associations and hydrogen value chain partners to support the development of hydrogen supply and infrastructure in its early stages.

Originally reported by Hydrogen Europe. Read the full article →