Listen to this article More than a year ago, Daimler and Geely announced a 50:50 joint venture which will support the development and production of the new electric Smart. Several months later, it was reported the German brand is in talks with its Chinese colleagues for a potential expansion of the agreement, which could include the development of new combustion engines. Fast forward to present day, Volvo and Daimler have officially announced a new 50:50 joint venture for "development and large-scale production of fuel cells for applications in heavy-duty vehicles and other use cases." The new project's main intention will be to develop, produce, and sell fuel cell systems for heavy-duty vehicles with Daimler aiming to "consolidate all its current fuel cell activities in the joint venture." In turn, Volvo will acquire 50 percent in the joint venture for approximately $652,000. Daimler And Volvo Joint Venture: Mercedes Teases Something Big, Might Be Hydrogen-Powered Truck Mercedes And Volvo Might Team Up To Develop Combustion Engines "For trucks to cope with heavy loads and long distances, fuel cells are one important answer and a technology where Daimler has built up significant expertise through its Mercedes-Benz fuel cell unit over the last two… Read full this story
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