Mar 01, 2021
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.
Daimler Truck AG and the Volvo Group on Monday announced the two companies have completed the formation a previously announced fuel-cell joint venture.
The Volvo Group and Daimler Truck AG in November 2020 signed a binding agreement for the joint venture, whereby Volvo Group acquired 50% of the partnership interests in the existing Daimler Truck Fuel Cell GmbH & Co. KG for more than $700 million and agreed to rename the company cellcentric GmbH & Co. KG.