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Toyota becomes equal partner in hydrogen fuel‑cell venture Cellcentric
Toyota Motor Corporation has signed a binding agreement to acquire a one‑third ownership stake in Cellcentric, joining Daimler Truck AG and Volvo Group as equal shareholders. The three companies will each hold 33 % of the joint‑venture after the transaction, which remains subject to regulatory approval and is expected to close by the end of 2026 or early 2027.
Cellcentric, founded in 2021 by Daimler Truck and Volvo, designs, manufactures and markets hydrogen fuel‑cell systems for heavy‑duty trucks, buses, off‑road equipment, rail vehicles, stationary power and related applications. The firm employs more than 560 staff at sites in Kirchheim unter Teck, Esslingen and Stuttgart in Germany and in Burnaby, Canada, and holds roughly 700 patents.
The partners say the deal will strengthen Cellcentric’s technological lead, industrial scaling and competitiveness while supporting the development of hydrogen supply‑chain infrastructure. Outside the venture, Daimler Truck, Volvo and Toyota will continue to compete independently in all other market segments.
Entities
Cellcentric · Daimler Truck · Daimler Truck AG · Toyota Motor Corporation · Toyota Motor Corporation · Volvo Group · hydrogen fuel‑cell technology
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 8 SOURCES] Toyota Motor Corporation signed a binding agreement to acquire a one‑third ownership stake in Cellcentric. www.staatsanzeiger.de · www.autobusweb.com · www.automobil-industrie.vogel.de · feeds.feedblitz.com · www.transport-online.nl · +2 more
- [● 8 SOURCES] After the transaction each of Daimler Truck, Volvo Group and Toyota will hold one third of Cellcentric's shares. www.staatsanzeiger.de · www.autobusweb.com · www.automobil-industrie.vogel.de · feeds.feedblitz.com · www.transport-online.nl · +2 more
- [● 8 SOURCES] The transaction is subject to regulatory approval and is expected to close by the end of 2026 or early 2027. www.staatsanzeiger.de · www.autobusweb.com · www.automobil-industrie.vogel.de · feeds.feedblitz.com · www.transport-online.nl · +2 more
- [● 5 SOURCES] Cellcentric employs over 560 staff at sites in Germany and Canada and holds about 700 patents. www.autobusweb.com · feeds.feedblitz.com · www.transport-online.nl · www.ttm.nl · www.upday.com
- [● 8 SOURCES] The partners aim to boost Cellcentric's technological lead, industrial scaling, competitiveness and support hydrogen supply‑chain infrastructure. www.staatsanzeiger.de · www.autobusweb.com · www.automobil-industrie.vogel.de · feeds.feedblitz.com · www.transport-online.nl · +2 more
- [● 8 SOURCES] Outside Cellcentric, Daimler Truck, Volvo Group and Toyota will continue to compete independently in other business areas. www.staatsanzeiger.de · www.autobusweb.com · www.automobil-industrie.vogel.de · feeds.feedblitz.com · www.transport-online.nl · +2 more
- [● 8 SOURCES] Cellcentric develops, produces and markets hydrogen fuel‑cell systems for heavy‑duty vehicles and related applications. www.staatsanzeiger.de · www.autobusweb.com · www.automobil-industrie.vogel.de · feeds.feedblitz.com · www.transport-online.nl · +2 more
- [● 8 SOURCES] Cellcentric was founded in 2021 as a joint venture of Daimler Truck and Volvo Group. www.staatsanzeiger.de · www.autobusweb.com · www.automobil-industrie.vogel.de · feeds.feedblitz.com · www.transport-online.nl · +2 more