Volvo Group, Daimler Truck, Traton join forces in €500 million European high-power electric truck network

In News, Volvo, Daimler1 MinutesBy NZ Trucking magazineDecember 17, 2021

Volvo Group, Daimler Truck, and the Traton Group have established a joint venture to install and operate a high-performance public charging network for battery electric, heavy-duty long-haul trucks and coaches across Europe.

The parties are committed to initiating and accelerating the necessary build-up of charging infrastructure for the increasing number of customers of electric vehicles in Europe and contribute to climate-neutral transportation in Europe by 2050.

The planned JV — to be equally owned by the three parties — is scheduled to start operations in 2022 following completion of all regulatory approval processes.

The parties are together committing to invest €500 million, which is assumed to be by far the largest charging infrastructure investment in the European heavy-duty truck industry to date.

The plan is to install and operate at least 1,700 high-performance green energy charging points on and close to highways as well as at logistic and destination points within five years of the establishment of the JV.

The number of charging points is with time intended to be increased significantly by seeking additional partners as well as public funding.

The future JV is planned to operate under its own corporate identity and be based in Amsterdam, Netherlands.