Volvo, Daimler Truck sign deal to add Toyota as equal shareholder in cellcentric fuel cell venture
TM•Toyota to take one-third stake in cellcentric
Volvo, Daimler Truck, Toyota signed a binding deal for Toyota to take a one-third stake in fuel-cell joint venture cellcentric.
Closing expected around end-2026 or early 2027
Closing is expected around the end of 2026 or early 2027, subject to regulatory approvals.
Volvo expects no material impact on earnings or financial position.
Partnership targets heavy-duty fuel-cell systems
The partnership targets fuel-cell systems for heavy-duty commercial vehicles, aiming to scale manufacturing and improve competitiveness in hydrogen technology.
cellcentric will remain independent, serving multiple customers across heavy-duty transport and other applications.
