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JV Agreement Signed Between The TRATON Group, Daimler Truck, And Volvo Group To Establish Charging Network Across Europe

TNI || New Delhi || 17th Dec 2021

TRATON Group, Daimler Truck, and Volvo Group, the three leading commercial vehicle manufacturers have signed a binding agreement to create a JV to install as well as operate a high-performance public charging network for battery electric and heavy-duty long haul trucks across Europe.

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As committed previously, all the parties are committed to initiating and accelerating the requisite of building charging infrastructure for the number of electric vehicles which are increasing all across Europe.

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The JV creation at this moment is subject to regulatory approvals. The planned JV will be equally owned by all three parties and start its operations by 2022 as soon as all the regulatory compliances are taken care of.

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The plan is to install and operate a minimum of 1700 high-performance charging points on as well as close to the highways. This JV, which is expected soon, will be based in Amsterdam in the Netherlands.