About cellcentric

The entity named cellcentric (sic) says it develops, produces, and commercializes fuel cell systems for use in heavy-duty commercial vehicles and other applications with comparable requirements. It – cellcentric – is a joint venture of Daimler Truck AG and the Volvo Group founded in 2021. “The company leverages the know-how and extensive experience gained from decades of developing fuel cell systems by its predecessor companies. cellcentric’s goal is to become a global manufacturer and tier 1 supplier of fuel cell systems and thus make a contribution to climate-neutral and sustainable transportation. More than 560 highly qualified employees are continuously advancing cellcentric’s state-of-the-art fuel cell technology. They work in interdisciplinary teams at sites in Kirchheim/Teck, Esslingen, Stuttgart (Germany) and Burnaby (Canada). Roughly 700 individual patents underline cellcentric’s leading role in fuel cell technology development.”

“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 decarbonizing transport,” said Karin Rådström, President & CEO, Daimler Truck.

“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 realizing decarbonisation of our industries,” said Martin Lundstedt, President and CEO, Volvo Group.

“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 realizing a hydrogen society alongside like-minded partners,” said Koji Sato, President and CEO, Toyota.