Toyota Joins Daimler and Volvo as Equal Stakeholder in Cellcentric Fuel Cell Venture

Daimler Truck, Volvo Group, and Toyota Motor Corporation have initiated a non-binding agreement to establish an equal partnership in cellcentric, focusing on the development of fuel cell systems for heavy-duty applications. This collaboration aims to leverage the combined expertise of the three companies to enhance hydrogen technology, contributing to decarbonization efforts in transportation.

Published Mar 31, 2026

Daimler Truck AG, Volvo Group, and Toyota Motor Corporation have signed a non-binding Memorandum of Understanding to form an equal stake in the cellcentric venture, a joint effort aimed at advancing fuel cell technology for heavy-duty vehicles. Each party will contribute its strengths, with Toyota expected to invest in capital increases to facilitate this partnership.

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This collaboration will enhance cellcentric's capabilities in developing and commercializing competitive fuel cell systems, aligning with global decarbonization goals. The venture aims to support the hydrogen infrastructure development and is expected to strengthen market competitiveness. The agreement is non-binding, pending further discussions and approvals from respective regulatory authorities.