Daimler, Traton Group and Volvo, the three commercial leaders in trucking, announced this Monday that they entered into an agreement to install and operate a high-performance public charging network for battery electric heavy-duty long-haul trucks; across Europe.
Firstly, the agreement intends to initiate and accelerate the build-up of charging infrastructure to enhance customer confidence and to support EU’s transformation to climate-neutral transportation.
Secondly, the agreement will lay the foundation for a future joint venture, owned equally by the three companies; that would start operations in 2022.
Thirdly, Daimler, Traton Group and Volvo will invest $500 million euros; to install and operate at least 1,700 high-performance green energy charging points; which will be close to highways as well as at logistic and destination points, within five years from the establishment of the JV.
Moreover, the exact number of charging points considered in the agreement was not disclosed; however according to the statement it will increase with time; as the JV would search for additional partners as well as public funding.
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Daimler, Volvo and Traton to create trucking charging network company leader
In addition, the future JV will operate under its own corporate identity and will be based in Amsterdam, Netherlands. It is intended to build on the broad experience and knowledge of the trucking industry of its three partners; Daimler, Volvo and Traton Group.
Furthermore, the future company will serve as a catalyst and enabler for realizing the European Union’s Green Deal for a carbon-neutral freight transportation by 2050; it would do so through providing the necessary infrastructure and targeting for green energy at the charging points.
In fact, the primary agreement between the three companies already addresses the urgent need for a high-performance charging network; to support truck operators with their transition to CO2-neutral transport solutions; especially in heavy-duty long-distance trucking in Europe.
On the other hand, Martin Daum, CEO Daimler Truck, said. “It is the joint aim of Europe’s truck manufacturers to achieve climate neutrality by 2050. However, it is vital that building up the right infrastructure goes hand in hand with putting CO2-neutral trucks on the road.”
Finally, Matthias Gründler, CEO of Traton, stated. “For our Group is clear that the future of transport is electric. This requires the rapid development of publicly accessible charging points; especially for long-distance heavy-duty transport.” While Martin Lundstedt, President and CEO Volvo Group, concluded. “We are laying the necessary foundation in making a break-through; to make the transformation to electrification by creating a European charging network leader.”