Daimler, Volvo partnering on gas cell know-how for vehicles, buses
Daimler Truck AG and the Volvo Group on Tuesday morning introduced that the businesses – two of the most important business truck producers on the earth – have signed an settlement to determine a brand new three way partnership charged with the event, manufacturing and commercialization of gas cell programs for heavy-duty car purposes and different use circumstances.
Beneath the phrases of the settlement, Daimler will consolidate its present gas cell actions within the three way partnership and the Volvo Group will purchase 50% within the three way partnership for the sum of roughly $650 million. The businesses might be 50/50 companions within the three way partnership, which is able to function as an impartial and autonomous entity, and Daimler Truck AG and the Volvo Group will proceed to be rivals in all different areas of enterprise.
Martin Daum, Daimler Truck AG chairman of the Board of Administration and member of the board of administration of Daimler AG, who known as the partnership “a milestone in bringing gas cell powered vehicles and buses onto our roads,” mentioned gas cells have been an vital step in carbon-neutral transportation, “and a know-how the place Daimler has constructed up vital experience by way of its Mercedes-Benz gas cell unit during the last 20 years.”
Each corporations plan to, and the purpose for this partnership is, provide heavy-duty automobiles with gas cells for long-haul purposes within the second half of the last decade. As well as, different automotive and non-automotive use circumstances are additionally a part of the brand new three way partnership’s scope.
“Electrification of street transport is a key aspect in delivering the so known as Inexperienced Deal, a carbon impartial Europe and in the end a carbon impartial world,” mentioned Martin Lundstedt, Volvo Group President and CEO. “Utilizing hydrogen as a service of inexperienced electrical energy to energy electrical vehicles in long-haul operations is one vital a part of the puzzle, and a complement to battery electrical automobiles and renewable fuels.”
The three way partnership will embrace the operations in Nabern, Germany, headquarters of the Mercedes-Benz Gas Cell, with manufacturing amenities in Germany and Canada.
“Combining the Volvo Group and Daimler’s expertise on this space to speed up the speed of growth is nice each for our clients and for society as a complete,” Lundstedt added. “By forming this three way partnership, we’re clearly exhibiting that we consider in hydrogen gas cells for business automobiles. However for this imaginative and prescient to develop into actuality, different corporations and establishments additionally have to assist and contribute to this growth, not least so as to set up the gas infrastructure wanted.”