Toyota will join the fuel-cell joint venture cellcentric as an equal shareholder alongside Daimler Truck and Volvo Group, aiming to bolster industrial scale, reduce costs, and accelerate hydrogen fuel cell adoption for heavy-duty vehicles.
Have you ever thought about whether hydrogen fuel cells are finally going to take off in the heavy-duty transport world? Well, Toyota Motor Corporation just made a big move by signing a binding agreement to join cellcentric, teaming up with Daimler Truck AG and Volvo Group as equal partners. If all the regulatory approvals go smoothly, this deal should wrap up by late 2026 or early 2027, marking a significant milestone for hydrogen infrastructure and decarbonizing industrial transport.
Pooling Expertise to Scale Fuel Cell Technology
cellcentric kicked off in 2021 as a 50:50 joint venture between Daimler Truck and Volvo,…
