US EditionToyota to Join Volvo, Daimler Truck in Hydrogen Fuel Cell Venture
Toyota will join Volvo and Daimler Truck as equal shareholders in cellcentric to boost hydrogen fuel cell tech, leveraging 560 employees and 700 patents, pending regulatory approvals.
- Toyota Motor Corporation plans to join the fuel cell joint venture Cellcentric as an equal partner alongside Volvo Group and Daimler Truck, following a nonbinding memorandum announced on Tuesday, March 31.
- Complementing Volvo and Daimler Truck's established commercial engineering, Toyota contributes over 30 years of fuel cell expertise from passenger vehicles to accelerate hydrogen technology for heavy-duty transport applications.
- Cellcentric currently employs more than 560 people in Germany and Canada and holds roughly 700 fuel cell patents, operating as an independent entity focused on scaling hydrogen systems.
- Managing Director and CTO Nicholas Loughlan said, "Toyota intends to join as a shareholder of Cellcentric," calling it a sign of trust from one of the world's leading automotive companies.
- Although the three companies will continue to compete independently in their respective businesses, they aim to create critical mass for decarbonizing heavy transport through shared fuel cell development.
22 Articles
22 Articles
Volvo, Toyota, & Daimler Truck Ink Memorandum For Fuel Cell Development - CleanTechnica
Toyota Motor Corporation is moving to join cellcentric as an equal shareholder alongside Volvo Group and Daimler Truck AG, following the signing of a non-binding memorandum of understanding among the parties. The planned structure would give all three companies equal ownership in cellcentric, which will continue to operate as an ... [continued] The post Volvo, Toyota, & Daimler Truck Ink Memorandum For Fuel Cell Development appeared first on Cle…
Toyota Motor aims to join Volvo and Daimler Truck in fuel cell JV cellcentric | industry news updates - India's best industrial news video channel
Toyota Motor aims to join Volvo and Daimler Truck in fuel cell JV cellcentric Volvo Group (Volvo), Daimler Truck AG (Daimler Truck), cellcentric and Toyota Motor Corporation (Toyota) have signed a non-binding agreement to cooperate in the fuel cell system joint venture cellcentric. The three companies intend to collaborate based…
Toyota joins Daimler, Volvo in hydrogen truck push
Japanese automotive giant Toyota Motor Corporation plans to increase its commitment to hydrogen mobility, through a fuel cell joint venture with Daimler Truck AG and Volvo Group. The three global players have signed a non-binding agreement that will see Toyota become an equal shareholder in Cellcentric – a company focused on developing, producing and commercialising fuel cell systems for heavy-duty transport. The three companies will continue to…
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