Published by Global Banking & Finance Review®
Posted on March 31, 2026
2 min readLast updated: March 31, 2026
Add as preferred source on GoogleToyota is set to join the hydrogen fuel‑cell joint venture cellcentric as an equal partner alongside Volvo and Daimler Truck, aiming to co‑develop, produce and commercialize fuel‑cell systems for heavy‑duty vehicles and help expand hydrogen infrastructure.
March 31 (Reuters) - Toyota Motor Corporation plans to join Volvo Group and Daimler Truck in fuel cell joint venture cellcentric, Volvo said in a statement on Tuesday.
Daimler and Volvo have sought to join forces in making hydrogen fuel cells in an effort to cut costs, as some truckmakers and their suppliers rework combustion engines to run on less polluting low-emission hydrogen.
(Reporting by Vera Dvorakova in Gdansk, editing by Milla Nissi-Prussak)
Toyota, Volvo Group, and Daimler Truck are the companies involved in the cellcentric hydrogen fuel cell joint venture.
The objective is to develop, produce, and commercialise fuel cell systems for heavy-duty vehicles.
Toyota plans to join as an equal shareholder and co-manage the development and production of fuel cell systems.
Currently, the companies have signed a non-binding memorandum of understanding with plans to finalize a legally binding agreement.
The partners aim to actively support the development of hydrogen supply and infrastructure in the early stages.
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