New Delhi: Three leading European commercial vehicle manufacturers Daimler Truck, the TRATON GROUP, and Volvo Group on Monday 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 the Continent.

The parties intend to invest together EUR 500 million Euros (USD 600 million) 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, a joint statement said.

The future JV is planned to operate under its own corporate identity and be based in Amsterdam, Netherlands, the statement added. The future JV will be able to build on the broad experience and knowledge of its founding partners in heavy-duty trucking.

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. Together with the TRATON GROUP and Volvo Group, we are therefore very excited to take this pioneering step to establish a high-performance charging network across Europe.”

As per the statement the joint aim is to initiate and accelerate the build-up of charging infrastructure to enhance customer confidence and to support EU’s transformation to climate-neutral transportation.

It is the joint aim of Europe’s truck manufacturers to achieve climate neutrality by 2050. Together with the TRATON GROUP and Volvo Group, we are very excited to take this pioneering step to establish a high-performance charging network across Europe.Martin Daum, CEO Daimler Truck

Matthias Gründler, CEO, TRATON GROUP, said, “It 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. We are now moving forward together with our partners Daimler Truck and Volvo Group to make this high-performance network a reality as quickly as possible. We now make the first step to accelerate the transition towards sustainable, fossil- free transport.”The second step should be a strong engagement of the EU for the full scale-up of a charging network across Europe, Gründler added.

The joint action of Volvo Group, Daimler Truck and the TRATON GROUP 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.

High-performance charging infrastructure enabling long-haul trucking is a cost-efficient way towards significant, fast-to-realize emission reductions, the joint statement said.



LEAVE A REPLY

Please enter your comment!
Please enter your name here