Monday 23 May 2022

Daimler Truck AG and the Volvo Group complete creation of fuel-cell joint venture: cellcentric | Mercedes-Benz Group > Investors > Reports & News > Financial News

Daimler Truck AG and the Volvo Group complete creation of fuel-cell joint venture: cellcentric | Mercedes-Benz Group > Investors > Reports & News > Financial News

The Volvo Group has acquired 50 percent 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. The ambition is to make the new joint venture a leading global manufacturer of fuel-cells, and thus help the world take a major step towards climate-neutral and sustainable transportation by 2050.

  



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