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Gothenburg, SWEDEN and Stuttgart, GERMANY, March 1, 2021 /PRNewswire/
Daimler Truck AG and the Volvo Group today completed the transaction to form the previously announced fuel-cell joint venture. The Volvo Group has acquired 50 percent of the partnership interests in the existing Daimler Truck Fuel Cell GmbH & Co. KG for approximately SEK 6.3 billion (approximately EUR 0.6 billion) on a cash and debt-free basis. The ambition 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 the Volvo Group have agreed to rename the company cellcentric GmbH & Co. KG.
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Via its subsidiary Pierburg GmbH of Neuss, Germany, the Rheinmetall Group plans to supply hydrogen recirculation blowers to Daimler Truck Fuel Cell GmbH & Co. KG, the company which bundles all of Daimler AG’s activities in the field of fuel cell technology. The deal represents sales volume in the two-digit.
KIT studying production of MEAs for heavy-duty fuel cell vehicle systems
The EU plans to extend its climate goal of reducing CO
2 emission of new vehicles by 37.5% until 2030 to heavy-duty vehicles. In 2019, 409,801 commercial vehicles were registered in Germany, of these, 38,620 semitrailer trucks. So far, they have not been subject to any CO
2 reduction requirements.
Within the KliMEA project, researchers at Karlsruhe Institute of Technology (KIT) will study drive systems of heavy duty vehicles and fuel cell technology to find ways how future production of fuel cell components can be adapted to these expected new emissions requirements.
Fuel cell technology appears promising to reduce CO