TRATF - Daimler Volvo Traton forms ?500M heavy-duty trucks charging venture

Volvo Group (VOLVY), Daimler Truck (DDAIF) and the TRATON (TRATF) have signed a non-binding agreement to install and operate a high-performance public charging network for battery electric heavy-duty long-haul trucks and coaches across Europe. The future joint venture equally owned by the three parties will operate under its own corporate identity and be based in Amsterdam, Netherlands,Operations to begin in 2022 with total investment of ?500M to install and operate at least 1,700 high-performance green energy charging points close to highways as well as at logistic and destination points, within five years from the establishment of the JV. The signing of a JV agreement can be expected by the end of 2021.

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Daimler, Volvo, Traton forms ?500M heavy-duty trucks charging venture