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Daimler Truck, Traton, Volvo sign off JV plans for Europe charging network

Daimler Truck, Traton, Volvo sign off JV plans for Europe charging network
Daimler Truck, Traton, Volvo sign off JV plans for Europe charging network   -   Copyright  Thomson Reuters 2021
By Reuters

BERLIN – Daimler Truck, Traton and Volvo have signed off plans announced in July https://www.reuters.com/article/truck-jv-electric-idCNL2N2OH0HN for a joint venture to set up a high-performance electric charging network for trucks and buses across Europe, the companies said on Thursday.

The three firms will invest 500 million euros ($565.10 million) to set up and operate at least 1,700 high-performance charging points near motorways and logistics hubs within five years, with operations set to commence in 2022.

The venture is still awaiting approval from authorities, the statement said.

($1 = 0.8848 euros)