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Stuttgart (dpa) - Daimler and the Swedish truck manufacturer Volvo will in future be working in a joint company on the development of fuel cell drives for heavy trucks.
The company announced last year, which will be called Cellcentric in the future, was founded on Monday, as announced by Daimler Truck and the Volvo Group.
To this end, Volvo bought 50 percent of the shares in Daimler Truck Fuel Cell, in which the Stuttgart-based truck manufacturer had previously merged all of its fuel cell activities, for around 600 million euros.
Together, Daimler and Volvo want to develop fuel cell systems that can go into series production in the second half of the decade.
In all other areas, the companies remained competitors, it was said.
They presented the plans for their joint project in April 2020, and a binding agreement was signed in November.
© dpa-infocom, dpa: 210301-99-644702 / 2
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