Fuel cell, Toyota joins Daimler Truck and Volvo in the cellcentric JV
Toyota Motor Corporation will join Daimler Truck and Volvo Group as equal shareholder in the fuel cell joint venture. Additionally, Toyota and cellcentric intend to jointly manage the development and production of fuel cell unit cells, which arethe core component of fuel cell systems, and directly linked architecture and control elements.
Daimler Truck, the Volvo Group, cellcentric and Toyota Motor Corporation have signed a non-binding agreement to cooperate in the fuel cell system joint venture cellcentric. The latter is a JV established by Daimler and Volvo with the aim of cooperating in the development of fuel cell systems for hydrogen-powered trucks.
Now, Toyota Motor Corporation will join Daimler Truck and Volvo Group as equal shareholder in the fuel cell joint venture. Additionally, Toyota and cellcentric intend to jointly manage the development and production of fuel cell unit cells, which arethe core component of fuel cell systems, and directly linked architecture and control elements.
cellcentric: fuel cell is the core of the company’s activity
cellcentric will still be the joint centre of competence that develops, produces and commercialises fuel cell systems for heavy-duty on- and off-road transport and other heavy-duty applications with comparable requirements. Daimler Truck, Volvo and Toyota have positioned hydrogen as one of the key energy sources to decarbonise transport and will advance technological innovation in fuel cell systems through cellcentric thereby contributing to the realisation of a hydrogen society.
“We are proud that Toyota plans to join cellcentric as a shareholder. This will enable us to strengthen development and further scale hydrogen technology, which we believe complements battery-electric drives in decarbonising transport”, stated Karin Rådström, President & CEO, Daimler Truck.
Statements from the partners
“We are thrilled to explore this collaboration with Toyota, so that we through cellcentric can accelerate and create critical mass for hydrogen applications. This is an important signal to customers, suppliers, and others in the ecosystem. Given the importance of accelerating the transformation into net-zero transportation, the need of great companies coming together and collaborating is more important than ever. Welcoming Toyota onboard will be a big leap towards realising decarbonisation of our industries”, added Martin Lundstedt, President and CEO, Volvo Group.
“We are deeply grateful for the opportunity to soon be joining Daimler Truck and Volvo Group as partners in building a hydrogen society. cellcentric which possess deep expertise in commercial fields together with Toyota’s over 30 years of fuel-cell development in the passenger car sector, can combine their strengths to deliver one of the world-leading fuel cell systems for heavy commercial vehicles. Toyota will continue to contribute to realising a hydrogen society alongside like-minded partners”, declared Koji, Sato, President and CEO, Toyota.
