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Volvo AG and Daimler Trucks team up in hydrogen fuel cell joint venture

Competitors Volvo AB and Daimler Trucks are teaming up to produce hydrogen fuel cells for long-haul trucks, which the companies say will lower development costs and boost production volumes. The joint venture, which is called cellcentric, aims to bring large-scale “gigafactory” production levels of hydrogen fuel cells to Europe by 2025. While the two companies are teaming up to produce the fuel cells via the cellcentric venture, all other aspects of truck production will remain separate. The loc...
Tags: TC, Transportation, Europe, Tech, Tesla, European Union, Automotive, Volvo, Daimler, Bosch, Hydrogen Fuel Cell, Daimler Trucks, Volvo AB, Lars Stenqvist, Volvo AG, Volvo CTO