How Home Charging Is Enhancing the Electric Car Experience

More

Faraday Future Launches Limited Edition FF 91 2.0 For $309K

More

Kia EV9n to feature 800V ultra-fast charging and up to 541km of range

More

BMW i5 arrives with up to 601 hp and 582 km range

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Daimler Truck AG and the Volvo Group complete creation of fuel-cell joint venture: cellcentric

Daimler Truck AG and the Volvo Group on Monday completed the transaction to form the previously announced fuel-cell joint venture.

The Volvo Group has acquired 50 percent of the partnership interests in the existing Daimler Truck Fuel Cell GmbH & Co. KG for approximately SEK 6.3 billion (approximately EUR 0.6 billion) on a cash and debt-free basis.

The ambition is to make the new joint venture a leading global manufacturer of fuel-cells, and thus help the world take a major step towards climate-neutral and sustainable transportation by 2050. Daimler Truck AG and the Volvo Group have agreed to rename the company cellcentric GmbH & Co. KG.

The joint venture will develop, produce and commercialize fuel-cell systems for use in heavy-duty trucks as the primary focus, as well as other applications. A key goal of Daimler Truck AG and the Volvo Group is to start with customer tests of trucks with fuel-cells in about three years and to commence series production during the second half of this decade.

The Volvo Group and Daimler Truck AG own equal interests in the joint venture, but continue to be competitors in all other areas such as vehicle technology and fuel-cell integration in trucks.

In November 2020, the Volvo Group and Daimler Truck AG signed a binding agreement for the joint venture. A preliminary non-binding agreement was already signed in April the same year.

Mar 2, 2021Blagojce Krivevski
Electrify America Invests Over $1.6m in STEM Programs and Workforce Development to Drive Brand-Neutral Zero Emission Vehicle EducationVolvo Cars to be all-electric by 2030, to reveal new 40 Series later today
You Might Also Like
 
Volvo Trucks launches VNR Electric truck with longer range
 
Polestar unveils Polestar 1 performance coupe
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

March 2, 2021 Electric Car Newscellcentric, daimler, Daimler Truck, Daimler Trucks, fuel cell trucks, Fuel Cells, Fuel-Cell, fuel-cell truck, hydrogen, Hydrogen Fuel Cells, hydrogen fuel-cell, Volvo, Volvo Group, Volvo Trucks
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • rss
Recent News
Citroen “Ami For All” Is A New Mobility Solution For People Lower Limb Disabilities
June 6, 2023
Volvo Cars reports May global deliveries, EV sales up 196% year-on-year
June 6, 2023
Daimler Buses launches new subsidiary with focus on designing and building e-infrastructure
June 6, 2023
In one year, the number of electric taxis at Denmark’s largest taxi company has increased by 75%
June 6, 2023
UK: All-electric vehicles take 16.9% market share in May
June 5, 2023
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Citroen “Ami For All” Is A New Mobility Solution For People Lower Limb Disabilities
June 6, 2023
Volvo Cars reports May global deliveries, EV sales up 196% year-on-year
June 6, 2023
Daimler Buses launches new subsidiary with focus on designing and building e-infrastructure
June 6, 2023
Get in touch

Email: [email protected]

Get new stories by email:
Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • rss
DMCA.com
© ElectricCarsReport.com | All Rights Reserved.