Leinfelden Echterdingen and Kirchheim u. Teck, Germany/ Gothenburg, Sweden/ Tokyo, Japan– Daimler Truck AG (Daimler Truck), the Volvo Group (Volvo), cellcentric and Toyota Motor Corporation (Toyota) have actually signed a non-binding arrangement to work together in the fuel cell system joint endeavor cellcentric. The 3 business plan to work together based upon an equivalent shareholding with Toyota as the 3rd joint endeavor partner to cellcentric. The mix of the celebrations’ complementary experience and knowledge will support and advance their joint goal to establish, produce and commercialise fuel cell systems for sturdy automobiles and other sturdy applications with equivalent requirements. In addition, Toyota and cellcentric plan to collectively handle the advancement and production of fuel cell system cells– the core element of fuel cell systems– and straight connected architecture and control components with the goal of producing competitive items based upon the innovations of both business.
By integrating Daimler Truck and Volvo’s substantial business lorry knowledge with Toyota’s fuel cell advancement, production innovation, and making experience the goal is to even more enhance cellcentric’s technological benefit and market competitiveness. It is meant that cellcentric will be the joint centre of proficiency that establishes, produces and commercialises fuel cell systems for sturdy on- and off-road transportation and other durable applications with equivalent requirements. Through cooperation with market associations and partners throughout the whole hydrogen worth chain, the partners intend to actively support the advancement of hydrogen supply and facilities in the early phases.
Daimler Truck, Volvo and Toyota have actually placed hydrogen as one of the crucial energy sources to decarbonise transportation and will advance technological development in fuel cell systems through cellcentric therefore adding to the realisation of a hydrogen society.
Karin Rådström, President & & CEO, Daimler Truck:”We are proud that Toyota plans to join cellcentric as a shareholder. This will enable us to strengthen development and further scale hydrogen technology, which we believe complements battery-electric drives in decarbonising transport”
Andreas Gorbach, Daimler Truck Board Member accountable for Truck Technology and previous cellcentric CEO:”Joining forces with the world’s largest automotive manufacturer and fuel cell pioneer is a privilege for us―and a game changer in making hydrogen in transportation a reality and cellcentric the go to place for fuel cell technology in commercial vehicles worldwide.”
Martin Lundstedt, President and CEO, Volvo Group:”We are thrilled to explore this collaboration with Toyota, so that we through cellcentric can accelerate and create critical mass for hydrogen applications. This is an important signal to customers, suppliers, and others in the ecosystem. Given the importance of accelerating the transformation into net-zero transportation, the need of great companies coming together and collaborating is more important than ever. Welcoming Toyota onboard will be a big leap towards realising decarbonisation of our industries.”
Koji, Sato, President and CEO, Toyota:”We are deeply grateful for the opportunity to soon be joining Daimler Truck and Volvo Group as partners in building a hydrogen society. cellcentric which possess deep expertise in commercial fields together with Toyota’s over 30 years of fuel-cell development in the passenger car sector, can combine their strengths to deliver one of the world-leading fuel cell systems for heavy commercial vehicles. Toyota will continue to contribute to realising a hydrogen society alongside like-minded partners.”
“We are extremely proud that Toyota intends to join as a shareholder of cellcentric―a great sign of trust in our company from one of the world’s leading automotive companies. Together, in this new set-up, we look forward to seizing the opportunity to significantly improve our company across the entire value chain.”– Nicholas Loughlan, Managing Director and CTO, cellcentric
(Left to right )Karin Rådström, President and CEO of Daimler Truck, Koji Sato, President of Toyota Motor Corporation, Martin Lundstedt, President and CEO of Volvo Group
Independent entity with equivalent partners
Daimler Truck, Volvo and Toyota go for an equivalent shareholding in cellcentric, which will continue to run as an independent and self-governing entity, serving a large range of consumers throughout durable on- and off- roadway transportation in addition to durable fixed applications. To accomplish this equivalent investor structure, Toyota prepares to take part in a capital boost in cellcentric by buying the business. Daimler Truck, Volvo and Toyota will continue to complete individually in all other locations of their particular services. The cooperation unites complementary capabilities to accomplish the scale and financial investment performance required to commercialise competitive fuel cell systems.
In order to protect hydrogen fuel cells as one of the essential innovations to support the decarbonisation of transportation worldwide, cooperation has actually ended up being progressively essential. This action intends at contributing to the long-lasting vision of the European Green Deal goals and the hydrogen society act in Japan. Considering that its early days, hydrogen has actually been advanced through partnership amongst lots of stakeholders, and cooperation is the structure for its development. Together with similar partners, the celebrations mean to share technological advancements and address typical obstacles, with the objective of attaining sustainable and reliable application of fuel cell systems for durable applications.
The signed arrangement is non-binding. The celebrations will continue conversations and goal to reach a lawfully binding arrangement, which will undergo approval by all pertinent celebrations and by the particular boards and regulative authorities.
About cellcentric
cellcentric establishes, produces, and commercialises fuel cell systems for usage in durable industrial lorries and other applications with equivalent requirements. cellcentric is a joint endeavor of Daimler Truck AG and the Volvo Group established in 2021. The business leverages the knowledge and substantial experience acquired from years of establishing fuel cell systems by its predecessor business. cellcentric’s objective is to end up being an international maker and tier 1 provider of fuel cell systems and therefore make a contribution to climate-neutral and sustainable transport. More than 560 extremely certified staff members are constantly advancing cellcentric’s cutting edge fuel cell innovation. They operate in interdisciplinary groups at websites in Kirchheim/Teck, Esslingen, Stuttgart (Germany) and Burnaby (Canada). Approximately 700 private patents highlight cellcentric’s leading function in fuel cell innovation advancement.
