Toyota Joins Daimler, Volvo in Fuel Cell Venture

Toyota Motor Corporation has agreed to join forces with Daimler Truck and Volvo Group as an equal partner in cellcentric, a German joint venture focused on advancing hydrogen fuel cell technology for heavy-duty vehicles. The companies announced the collaboration on March 31, 2026, through a non-binding memorandum of understanding that outlines plans for Toyota to become the third shareholder once a binding agreement is finalized.

Cellcentric, established in 2021 by Daimler Truck and Volvo Group, specializes in developing and producing fuel cell systems tailored for commercial applications such as long-haul trucks. The partnership aims to combine the strengths of all three companies to accelerate the creation of scalable, cost-effective fuel cells. Toyota contributes over three decades of experience in hydrogen technology, primarily from its work on passenger vehicles like the Mirai fuel cell car. In contrast, Daimler Truck and Volvo bring expertise in integrating these systems into heavy-duty trucks, along with established production capabilities and customer networks in the logistics sector.

Under the proposed structure, the three partners will hold equal shares and collaborate...