Daimler Truck AG, the Volvo Group, and Toyota Motor Corporation have signed a non-binding agreement to collaborate in the fuel cell system joint venture, cellcentric. The partnership aims to develop, produce, and commercialize fuel cell systems for heavy-duty vehicles and similar applications.
The agreement positions Toyota as an equal partner in cellcentric, joining Daimler Truck and Volvo. The collaboration intends to leverage the complementary strengths of each company, combining Daimler and Volvo's commercial vehicle expertise with Toyota's fuel cell development and production technology.
Cellcentric is set to become a joint center of competence, focusing on fuel cell systems for both on-road and off-road heavy-duty transport. The venture will also explore collaboration with industry associations to support the development of hydrogen supply and infrastructure.
Karin Rådström, President and CEO of Daimler Truck, expressed pride in Toyota joining as a shareholder, emphasizing the potential to strengthen hydrogen technology development. Martin Lundstedt, President and CEO of Volvo Group, highlighted the collaboration as a critical step toward accelerating hydrogen applications in transportation.
Koji Sato, President and CEO of Toyota, expressed gratitude for the opportunity to partner with Daimler Truck and Volvo, citing Toyota's extensive experience in fuel cell development as a valuable contribution to the venture.
The partnership aims to advance the decarbonization of transport by positioning hydrogen as a key energy source. The companies will continue discussions to finalize a legally binding agreement, subject to approval by relevant parties and regulatory authorities.
Cellcentric, founded in 2021 as a joint venture between Daimler Truck AG and the Volvo Group, focuses on the development and commercialization of fuel cell systems for heavy-duty applications. The company operates in multiple locations, including Germany and Canada, and holds approximately 700 patents in fuel cell technology.