Daimler Truck, the TRATON Group and Volvo Group have signed a joint venture (JV) agreement to create, install and operate a high-performance public charging network for battery electric, heavy-duty long-haul trucks and coaches across Europe.
The planned JV, which is subject to regulatory approvals, will be owned equally by the three parties. Together they will invest €500m, with the intention of installing and operating 1,700 high-performance green energy charging points within five years.
Martin Daum, CEO Daimler Truck, said: “It is remarkable that three fierce competitors in the area of trucks and vehicle technology are taking action together to start establishing the needed charging infrastructure. Together with Volvo Group and the TRATON Group, we want to send a clear signal to all relevant stakeholders to follow our lead and act now.”
TRATON Group CEO Christian Levin added: “A collaboration with strong competitors like Daimler Truck and Volvo Group might seem unusual. However, the topic is of crucial importance and this unique cooperation will make us faster and more successful in delivering the transformational action needed to tackle climate change.”
“We are going from words to action, and this planned joint venture is an important step in shaping a world we want to live in,” said Martin Lundstedt, president and CEO Volvo Group.