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02 Mar
12:55

Daimler, Volvo create fuel cells JV

Daimler Truck AG and the Volvo Group will develop, produce and commercialise fuel-cell systems for use in heavy-duty trucks as the primary focus, as well as other applications, Kallanish learns from Daimler's representative. The two companies have formed a fuel-cell joint venture dubbed Cellcentric. The Volvo Group has acquired 50% of the partnership interests in the existing Daimler Truck Fuel Cell GmbH & Co KG for approximately €600 million ($721m) …
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