Toyota Joins Daimler Truck and Volvo as Equal Partner in Fuel Cell Firm Cellcentric

Toyota is set to become an equal partner and shareholder in Cellcentric, a company specializing in fuel cell systems for heavy-duty vehicles. A binding agreement was signed by Toyota, Daimler Truck, and Volvo, establishing each as a one-third owner. This move aims to bolster Cellcentric's technological advantage, industrial scalability, and overall competitiveness.

The collaboration also seeks to actively support the development of hydrogen supply and infrastructure. Cellcentric, founded in 2021 and headquartered in Kirchheim unter Teck, currently operates as a joint venture between Daimler Truck and Volvo. Toyota's intention to join was initially signaled by a letter of intent signed in March.

While this partnership focuses on fuel cell technology, Daimler Truck, Volvo, and Toyota will continue to compete independently in all other business areas. The automotive industry, including heavy-duty vehicle manufacturers, is increasingly seeking environmentally friendly alternatives to combustion engines. However, these alternatives are not yet widespread.

Daimler Truck offers battery-electric trucks, but their market share remains minimal. The company is also developing hydrogen-based powertrains, with a small-scale series of 100 vehicles planned for customer deployment by the end of the year. The niche nature of this technology is further illustrated by Bosch's fuel cell drive for trucks, which, despite receiving awards, has seen limited demand.

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In all other business areas, Daimler Truck, Volvo and Toyota will continue to compete independently of each other.