Volvo, Toyota, & Daimler Truck Ink Memorandum For Fuel Cell Development - CleanTechnica

Volvo Group, Daimler Truck AG, and Toyota Motor Corporation have signed a non-binding memorandum of understanding to restructure their joint venture, cellcentric, into an equal-shareholding partnership among the three companies. Cellcentric, originally established in 2021 by Volvo and Daimler Truck, focuses on developing, producing, and commercializing fuel cell systems for heavy-duty transport and related applications. Toyota’s entry brings over 30 years of fuel cell expertise from the passenger vehicle sector, complementing Volvo and Daimler’s strengths in commercial vehicle engineering and deployment. The collaboration aims to accelerate fuel cell technology development for trucks, off-road machinery, and stationary uses, emphasizing hydrogen as a key energy carrier for decarbonizing heavy transport where battery-electric solutions have limitations. The partners plan to jointly develop and produce fuel cell unit cells and associated systems, leveraging their combined technologies to create competitive, scalable fuel cell solutions. Cellcentric currently employs over 560 people and holds around 700 patents related to fuel cell technology,