Daimler Truck concluded a preliminary, non-binding agreement with Volvo Group in April of this year to establish a new joint venture for the development, production and commercialization of fuel cell systems for heavy-duty commercial vehicles and other applications such as stationary use. Daimler Truck Fuel Cell is later to transition into this planned joint venture. Volvo Group will acquire 50 percent of the company for this purpose. All potential transactions are subject to examination and approval by the responsible competition authorities. Daimler Truck and Volvo plan to start series production of heavy-duty fuel cell commercial vehicles for demanding and heavy long-distance haulage in the second half of the decade.
»The fuel cell is a crucial CO2-neutral solution for trucks in heavy long-distance transport. We and our future joint venture partner, Volvo Group, are convinced of this. We are determined to jointly tackle the development and series production of fuel cells and are now taking major steps with all the necessary preparations for the planned joint venture. The establishment of Daimler Truck Fuel Cell is a very special milestone for our company, because our new subsidiary is to be the immediate predecessor organization of the joint venture. In it, we will now bring together the great expertise and enormous wealth of experience from several decades of development work on fuel cells at Daimler – and combine it with the right know-how in connection with trucks«, said Martin Daum, Chairman of the Board of Management of Daimler Truck and Member of the Board of Management of Daimler.
Dr. Andreas Gorbach and Prof. Dr. Christian Mohrdieck have been appointed as managing directors of the new company. Gorbach has already held a senior management position with overall responsibility for all fuel cell matters at Daimler Truck since the beginning of May this year. This will continue in his new additional position as CEO of Daimler Truck Fuel Cell. Prof. Dr. Christian Mohrdieck has been in charge of fuel cell development at the Daimler Group since 2003 and is managing director of the current fuel cell development unit Mercedes-Benz Fuel Cell, which will be allocated to the newly founded subsidiary.