cellcentric is a Volvo Group and Daimler fuel cell joint venture that was created to help meet the 2050 targets of sustainable transport and support Europe in becoming carbon-neutral as part of the European Green Deal. Through cellcentric, we will develop, produce, and commercialize fuel-cell systems for both heavy-duty commercial vehicles and non-automotive applications.
Currently, there are more than 300 highly specialized experts working towards cellcentric’s goal of a carbon-neutral world in interdisciplinary teams at locations in Nabern, Stuttgart (Germany), and Burnaby (Canada). ~700 individual patents have been issued so far, underlining the leading role the Daimler and Volvo Group joint venture plays when it comes to technological development.
- April 2020: A preliminary non-binding agreement for the cellcentric joint venture was signed.
- November 2020: We signed a binding agreement with Daimler Truck AG.
- 1 March 2021: The Volvo Group and Daimler Truck AG officially formed cellcentric. To that end, we acquired 50% of the partnership interests in the existing Daimler Truck Fuel Cell GmbH & Co. KG for approximately EUR 0.6 billion on a cash and debt-free basis.