# Toyota, Daimler Truck, Volvo fuel‑cell venture

> Live situation record from CLSTR: https://clstr.news/situations/toyota-daimler-truck-volvo-fuelcell-venture
> Updated: 2026-08-18T05:03:16.000Z. Sources: 24. Developments: 3.

In late July 2026, Toyota Motor Corporation signed a binding agreement to acquire a one‑third ownership stake in Cellcentric, the hydrogen fuel‑cell joint venture originally founded by Daimler Truck and Volvo Group. The transaction makes each of the three manufacturers equal 33.3% shareholders, with the deal expected to close by the end of 2026 or early 2027 pending regulatory approval.

Cellcentric designs and manufactures hydrogen fuel‑cell systems for heavy‑duty trucks, buses, rail, marine, off‑highway equipment and stationary power, employing over 560 staff across sites in Germany and Canada and holding roughly 700 patents. Through this partnership, Toyota intends to provide core fuel cell technologies, including cells, materials, and stacks, to accelerate the mass production of large‑scale commercial vehicle components.

The partners state the collaboration will bolster the venture’s technological lead, industrial scaling, and competitiveness while each company continues to compete independently in other market segments and supports broader hydrogen‑supply‑chain and refueling infrastructure development. This move occurs amid intensifying global competition in the hydrogen commercial vehicle market, as governments in China, Japan, and the European Union implement various policies to support hydrogen ecosystems and emission reduction targets.

## Timeline

### 2026-08-18: Toyota joins Daimler and Volvo in hydrogen fuel cell alliance

Toyota, Daimler Truck, and Volvo Group are forming a hydrogen fuel cell alliance as China, Japan, and the EU ramp up infrastructure support to dominate the hydrogen commercial vehicle market.

2 sources. https://clstr.news/cluster/toyota-joins-daimler-and-volvo-in-hydrogen-fuel-cell-alliance

### 2026-07-29: Toyota joins Volvo and Daimler Truck in cellcentric fuel cell venture

Toyota signed a binding deal to acquire a one‑third stake in cellcentric, joining Volvo Group and Daimler Truck as equal shareholders in the heavy‑duty fuel‑cell joint venture, with closure slated for late 2026

2 sources. https://clstr.news/cluster/toyota-joins-volvo-and-daimler-truck-in-cellcentric-fuel-cell-venture

### 2026-07-27: Toyota becomes equal partner in hydrogen fuel‑cell venture Cellcentric

Toyota signs a binding deal to acquire a one‑third stake in Cellcentric, joining Daimler Truck and Volvo as equal partners; transaction pending approval, slated for late‑2026/early‑2027, to boost hydrogen fuel‑

20 sources. https://clstr.news/cluster/toyota-joins-cellcentric-jv-to-accelerate-fuelcell-trucks

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Cite as: Toyota, Daimler Truck, Volvo fuel‑cell venture. CLSTR, https://clstr.news/situations/toyota-daimler-truck-volvo-fuelcell-venture