Volvo Hydrogen Fuel Cell JV Adds Toyota Stake, Heightening Hyundai Competition
Toyota’s binding deal to buy a 33.3% stake in the Daimler Truck–Volvo Group Cellcentric hydrogen fuel cell JV reshapes the heavy-duty hydrogen truck race, a market Hyundai has pioneered. Completion is planned for late 2026–early 2027. The JV expects faster hydrogen commercial vehicle development as China deploys 40,000 hydrogen electric trucks and Japan targets 1,500.