TSE:7203Auto
Toyota Joins Fuel Cell Venture With Daimler And Volvo As Valuation Questioned
Toyota Motor (TSE:7203) has agreed to join Daimler Truck and Volvo Group in their fuel cell joint venture, cellcentric.
The planned move, based on a non binding agreement, would make Toyota an equal partner focused on fuel cell systems for heavy duty vehicles.
The collaboration aims to support wider use of hydrogen in transport and aligns with policy priorities in Europe and Japan.
Toyota already has fuel cell experience in passenger vehicles, and this step extends that know how into...