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Daimler And Volvo Finalize Fuel-Cell Joint Venture For Trucks


Daimler Truck and the Volvo Group have finalized the transaction to form a fuel-cell joint venture that was first announced in April 2020.
Through the deal, Volvo Group has acquired a 50 per cent stake in Daimler Truck Fuel Cell GmbH & Co. KG for €600 million on a cash and debt-free basis. The new company is dubbed Cellcentric GmbH & Co. KG.
The joint venture will develop, produce and commercialize the fuel-cell systems to be used by heavy-duty trucks. The current plan is for Daimler Truck and the Volvo Group to start customer tests of trucks with fuel-cells in about three years. Series production will start in the second half of the decade. ....

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