Fuel Cell Toyota Finalizes Cellcentric Entry

From | Translated by AI 2 min Reading Time

Toyota, Volvo Group, and Daimler Truck have now officially finalized their partnership with Cellcentric announced at the end of March. They aim to advance the fuel cell for trucks.

Cellcentric develops and produces fuel cells for trucks. Toyota is now also joining the joint venture of Daimler Truck and Volvo.(Image: Cellcentric)
Cellcentric develops and produces fuel cells for trucks. Toyota is now also joining the joint venture of Daimler Truck and Volvo.
(Image: Cellcentric)

Toyota, the Volvo Group, and Daimler Truck have signed a binding agreement that establishes Toyota as an equal partner and shareholder in Cellcentric. As reported at the end of March, only a non-binding letter of intent had been signed at that time. Now the next step follows: After the completion of the transaction, all three companies will each hold one-third of Cellcentric.

The project is still subject to regulatory approvals and is expected by the companies at the turn of the year 2026/2027.

Goal: Technology Leadership in Heavy-Duty Vehicles

With this collaboration, the three partners aim to strengthen Cellcentric's position as a leading developer and manufacturer of fuel cell systems for heavy-duty commercial vehicle applications. According to the announcement, the companies plan to work together as equals to expand Cellcentric's technological edge, industrial scaling, and competitiveness in fuel cell technology. Additionally, the partners intend to advance the development of hydrogen supply and infrastructure in cooperation with industry associations and stakeholders across the entire hydrogen value chain.

Cellcentric will continue to operate as an independent and autonomously managed company, serving a wide range of customers in areas such as heavy road and off-road transport, as well as other heavy-duty applications like coaches, stationary power generation, shipping, rail transport, and heavy off-road equipment. In all other business areas, the Volvo Group, Daimler Truck, and Toyota will remain independent competitors.

Joint Venture with Decades of Experience

Cellcentric is a joint venture founded in 2021 by Daimler Truck and the Volvo Group. According to the company, it benefits from the expertise and extensive experience of its predecessor companies in the development of fuel cell systems. More than 560 employees are working on the further development of fuel cell technology at the locations in Kirchheim/Teck, Esslingen, and Stuttgart in Germany, as well as in Burnaby, Canada. Approximately 700 individual patents highlight Cellcentric's leading role in this technological field, according to the company.

Subscribe to the newsletter now

Don't Miss out on Our Best Content

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy. The consent declaration relates, among other things, to the sending of editorial newsletters by email and to data matching for marketing purposes with selected advertising partners (e.g., LinkedIn, Google, Meta)

Unfold for details of your consent