Toyota to join Daimler and Volvo in fuel cell joint venture

Toyota Motor Corporation (Toyota), Daimler Truck AG (Daimler Truck), and Volvo Group (Volvo) have signed a non-binding agreement to cooperate in the fuel cell system joint venture, titled "cellcentric".

Additionally, Toyota and cellcentric intend to jointly manage the development and production of fuel cell unit cells, directly linked architecture, and control elements with the aim of creating competitive products based on the technologies of both companies.

By combining Daimler Truck and Volvo's extensive commercial vehicle expertise with Toyota's fuel cell development, production technology, and manufacturing experience, the aim is to further strengthen cellcentric's technological advantage and market competitiveness.

Furthermore, through collaboration with industry associations and partners across the entire hydrogen value chain, the partners aim to actively support the development of hydrogen supply and infrastructure in the early stages.

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.

Moreover, this step aims at contributing to the long-term vision of the European Green Deal objectives and the hydrogen society act in Japan.