Daimler Truck, Traton Group And Volvo Group Sign Joint Venture Agreement For A European High-Performance Charging Network

In line with the said agreement, it was stated that a joint venture will be formed to establish and operate a Europe-wide high-performance public charging network exclusively for battery-electric heavy-duty long-haul trucks/trailers and buses. Subject to regulatory approvals, the joint venture is committed to initiating and accelerating the construction of the charging infrastructure necessary for the growing number of customers of electric vehicles in Europe, as well as contributing to CO2-neutral transport in Europe by 2050.

It was stated that the joint venture, in which Daimler Truck, Traton Group and Volvo Group will have equal shares, is planned to be operational in 2022 after all regulatory approval processes are completed. The joint venture, which is planned to operate under its own corporate identity and headquartered in Amsterdam, the Netherlands, will benefit from the extensive experience and knowledge of its founding partners in the heavy-duty truck industry.

500 Million Euro Investment

It was stated that within the framework of the cooperation of the three companies, an investment of 500 million Euros will be made and it is aimed to establish and operate at least 1,700 high-performance green energy charging stations, both on and near the highways and at logistics and destination points, within five years after the establishment of the joint venture.