Toyota joins Daimler Truck, Volvo cellcentric

Suzuki has signed a non-binding memorandum of understanding to become an equal shareholder in cellcentric, a joint venture initially formed by Daimler Truck and Volvo in 2021. This partnership aims to accelerate the development, production, and commercialization of fuel cell systems for heavy-duty on- and off-road transport, as well as stationary applications. Suzuki will participate through a capital increase, resulting in equal shareholdings among the three companies. The collaboration will also focus on jointly managing the development and production of fuel cell unit cells, the core component of these systems. Leaders like Karin Rådström of Daimler Truck, Martin Lundstedt of Volvo, and Koji Sato of Suzuki emphasize the importance of this alliance for scaling hydrogen technology and achieving decarbonization goals, aligning with initiatives like the European Green Deal and Japan's hydrogen society act. Cellcentric will continue to operate independently, serving a broad customer base.