Key facts
- Toyota Motor Corporation is investing in Cellcentric, a fuel cell joint venture.
- Daimler Truck and Volvo Group are the current owners of Cellcentric.
- Toyota intends to become an equal shareholder alongside Daimler Truck and Volvo Group.
- The collaboration aims to accelerate the development and commercialization of fuel cell systems for heavy-duty vehicles.
- Toyota and Cellcentric will jointly manage the development and production of fuel cell unit cells.
Toyota Motor Corporation has agreed to invest in Cellcentric, a fuel cell joint venture currently owned by Daimler Truck and Volvo Group. The agreement, outlined in a non-binding Memorandum of Understanding, positions Toyota to become an equal shareholder, alongside Daimler Truck and Volvo Group. This collaboration aims to bolster Cellcentric's capabilities in developing, producing, and commercializing fuel cell systems specifically for heavy-duty vehicles and other demanding applications.
By integrating Toyota's extensive experience in fuel cell development and manufacturing, particularly from the passenger car sector, with Daimler Truck and Volvo's deep expertise in commercial vehicles, the partners intend to enhance Cellcentric's technological leadership and market competitiveness. A key aspect of the agreement involves Toyota and Cellcentric jointly managing the development and production of fuel cell unit cells, the core components of these systems, along with associated architecture and control elements.
The companies view hydrogen as a crucial energy source for decarbonizing the transport sector. Through Cellcentric, they aim to drive technological innovation in fuel cell systems, contributing to the realization of a hydrogen-based society. Industry partners and associations across the hydrogen value chain are also expected to collaborate to support the early development of hydrogen supply and infrastructure.