Business

Toyota Joins Volvo, Daimler Truck in Hydrogen Fuel Cell Venture
By Reuters | 31 Mar, 2026

The carmakers aim to make hydrogen fuel cells a non-polluting and energy-efficient alternative to internal-combustion engines for heavy-duty trucks for which unit cost is less of an impediment to adoption.

Toyota Motor Corporation plans to join Volvo Group and Daimler Truck in fuel cell joint venture cellcentric, Volvo said in a statement on Tuesday.

Daimler and Volvo have sought to join forces in making hydrogen fuel cells in an effort to cut costs, as some truckmakers and their suppliers rework combustion engines to run on less polluting low-emission hydrogen.

Toyota plans to join Volvo and Daimler Truck as an equalshareholder in the venture.  The companies signed a non-binding memorandum of understanding and plan to reach a legally binding agreement.

Their objective is to develop, produce and commercialize fuel cell systems for heavy-duty vehicles.  Toyota and cellcentric will jointly manage the development and production of fuel cell unit cells and directly linked architecture and control elements.  

"The partners aim to actively support the development of hydrogen supply and infrastructure in the early stages," Volvo said

(Reporting by Vera Dvorakova in Gdansk, editing by Milla Nissi-Prussak)