The two manufacturers announced their intention to collaborate on developing the technology for trucks late last year.
As a result, a binding agreement has been signed and a new company has been created: cellcentric GmbH & Co. KG.
Volvo Group has acquired 50% of the company previously called Daimler Truck Fuel Cell for around €0.6 billion
The main aim for the fuel cell joint venture is to create a global manufacturer of the cells.
Therefore, it will provide the opportunity to help operators become climate neutral and more sustainable by 2050.
Together, Volvo and Daimler will develop, produce and commercialise fuel cell systems, primarily for heavy-duty trucks.
Daimler and Volvo have also said they’re committed to rolling out the technology to other applications and industries in the future.
Customer tests of fuel cell trucks are due to start within the next three years. Beyond that, series production has been slated for the second half of the decade.
In other alternative truck news, MAN Trucks is to take part in a study of electric trucks in Berlin.
The ‘ZeroEmissionDeliveries’ venture will look at food distribution using electric trucks in and around the German city.
MAN will be joined in the study by companies including REWE Group, Fraunhofer Institute for Systems and Innovation Research.
The feasibility study will explore which vehicles will be required as well as optimal routes for e-trucks.
Furthermore, charging infrastructure and requirements for the power distribution grid and power generation will also be investigated.