Volvo Group and Daimler Truck AG have formed the previously announced fuel-cell joint venture. The ambition behind it is to make the new joint venture a leading global manufacturer of fuel-cells, and thus help the world take a major step towards climate-neutral and sustainable transportation by 2050.
Daimler Truck AG and Volvo Group have agreed to rename the company cell centric GmbH & Co. KG. The joint venture will develop, produce and commercialise fuel-cell systems for use in heavy-duty trucks as the primary focus, as well as other applications. A key goal of Daimler Truck AG and the Volvo Group is to start with customer tests of trucks with fuel-cells in about three years and to commence series production during the second half of this decade.
Volvo Group and Daimler Truck AG own equal interests in the joint venture but continue to be competitors in all other areas such as vehicle technology and fuel-cell integration in trucks.
Source: Volvo Group