Volvo and Daimler partner on fuel cell production

Volvo and Daimler partner on fuel cell production

Aligned with the Green Deal vision to achieve a carbon neutral Europe by 2050, Daimler Truck AG and Volvo Group have announced a new partnership for large-scale production of fuel cells.

Today the two companies announced that they have signed a preliminary non-binding agreement for the new joint venture, through which they will develop, produce and commercialise fuel cell systems for heavy-duty vehicle applications along with other uses.

The Volvo Group and Daimler Truck AG will be 50/50 partners in the joint venture, which will operate as an independent and autonomous entity, with Daimler Truck AG and the Volvo Group continuing to be competitors in all other areas of business.

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