Official: Volvo and Daimler develop hydrogen technology

Volvo Group and Daimler Truck AG have officially signed papers enabling the arrival of a new joint venture. The new partnership will set to work on the development of hydrogen technology.

In April this year, Daimler Truck AG and Volvo Group already signed a letter of intent for the new joint venture. Now everything is officially boarded up. Volvo Group and Daimler Truck AG will each receive fifty percent of the shares in a new partnership that will develop hydrogen technology for trucks and trucks, among other things.

It seems to be mainly the Volvo Group that benefits from the knowledge of the other party. After all, Daimler has been busy developing trucks with hydrogen technology on board for some years now. Daimler also has experience with the development of passenger cars with such technology under the hood. In the first half of next year, all financial matters relating to the establishment of the partnership must be completed. The new joint venture plans to start testing its fuel cell trucks in about three years. In the second half of that decade, the first trucks or buses with hydrogen technology should go into series production.

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