Toyota Motor Corporation, Volvo Group and Daimler Truck Have Signed Binding Agreement for Toyota to Join Cellcentric as Equal Shareholder
Toyota will join cellcentric as an equal partner, and the venture said the deal will expand fuel cell technology for heavy-duty transport.
- On Monday, July 27, 2026, Toyota Motor Corporation signed a binding agreement to join The Volvo Group and Daimler Truck AG as an equal partner in cellcentric, with each owner holding a one-third stake.
- The partnership follows a non-binding agreement signed in March, expanding the joint venture established in 2021 by Volvo and Daimler Truck to accelerate fuel cell technology development.
- Cellcentric leverages roughly 700 patents and more than 560 employees working across sites in Germany and Canada, positioning the company as a leading fuel cell systems developer.
- Completion of the transaction is expected around year-end 2026, subject to regulatory approvals, while the three corporations will remain independent competitors in all other business areas.
- Beyond vehicle manufacturing, the partners intend to collaborate with industry stakeholders across the hydrogen value chain to support infrastructure development and unlock the broader hydrogen ecosystem.
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The truck industry is working on alternatives to the burner. In addition to E-Lkws, hydrogen could be a solution. Two companies are pooling their strength on the subject, now a third joins.
Toyota Motor Corporation, Volvo Group and Daimler Truck have signed binding agreement for Toyota to join cellcentric as equal shareholder
GOTHENBURG, Sweden, July 27, 2026 /PRNewswire/ -- The Volvo Group, Daimler Truck AG, cellcentric and Toyota Motor Corporation have signed a binding agreement for Toyota to join as an equal partner and shareholder in cellcentric, with each owner to hold…
Toyota confirms its arrival as a cellcentric shareholder, alongside Daimler and Volvo Following the announcement of March, a milestone is reached with the signing of a binding agreement between Daimler, Toyota and Volvo.It is a strong signal in hydrogen mobility. Unsurprisingly, these three major names of the mobility industry have decided to associate equally within cellcentric (the fuel cell production company founded by Daimler and Volvo in 2…
After a long time of carrying hydrogen on the ground of private cars, Toyota is moving into the world of trucking. The Japanese manufacturer joins Daimler Truck and Volvo Group around a joint venture dedicated to hydrogen fuel cells for heavy transport, with the stated ambition of massaging this technology over long distances. Behind this announcement, it is not just another partnership, but rather to join the industrial structure created by Dai…
It's now official and confirmed that a new alliance will be formed in the commercial vehicle industry. It will be a joint operation of Daimler Truck, Volvo Group, and Toyota Motor Corporation. As previously announced, Toyota has decided to join Cellcentric, a company established in 2021 by Volvo Group and Daimler Truck. The Japanese companies have decided to buy out their stake, thus injecting additional capital into the company. The transaction…
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