July 6

Volvo, Daimler, Traton invest $593 million to develop electrical truck charging network


high performance charging network volvo group daimler traton 3

Volvo Group, Daimler Truck and Volkswagon’s AG heavy-truck organization the Traton Group revealed on Monday a non-binding contract to construct a network of high-performance public charging stations for electrical durable long-haul trucks and buses around Europe. The news was initially reported by Reuters. The 3 significant European car manufacturers will invest EUR500 million(~ $593 million USD )to set up and run 1,700 charging points in tactical places and near highways. They plan to settle the contract by the end of this year and begin operations next year, with the hopes of increasing the variety of charge points substantially as the business look for extra partners for the future joint endeavor. The endeavor is suggested to be a driver to get ready for the European Union’s objectives of carbon-neutral freight transport by 2050. Among the primary deterrents for both people and freight business for changing to EVs has actually traditionally been an absence of charging facilities. By developing that facilities, Volvo, Daimler and Traton can likewise anticipate to increase their own sales of electrical trucks and buses.”It is the joint goal of Europe’s truck makers to accomplish environment neutrality by 2050,”Martin Daum, CEO Daimler Truck, stated in a declaration.”However, it is crucial that developing the best facilities works together with putting CO 2-neutral trucks on the roadway. Together with Volvo Group and the TRATON GROUP, we are for that reason extremely thrilled to take this pioneering action to develop a high-performance charging network throughout

Europe.”The collaboration in between Volvo and Daimler isn’t unmatched. In May, the 2 rivals collaborated to produce hydrogen fuel cells for long-haul trucks to lower advancement expenses and increase production volumes. This most current endeavor is another signal that significant business are banding together to resolve climate-related concerns in the market. European automobile market association ACEA has actually required approximately 50,000 high-performance charging points by 2030. Traton CEO Matthias Gruendler informed Reuters that approximately 10 billion euros would be required to construct out Europe’s facilities to be totally amazed by 2050. According to a declaration launched by Volvo, this endeavor is likewise a call to action for others with a stake in the market, like car manufacturers or federal governments, to collaborate to

guarantee the fast growth required to reach environment objectives. The charging stations will be brand-agnostic, and battery electrical lorry fleet operators will have the ability to utilize both the quick charging throughout the European 45 minute compulsory pause for long-distance transportation and likewise charge over night.

The joint endeavor will run under its own business identity out of Amsterdam. Volvo, Daimler and Traton will own equivalent shares in the endeavor however will continue to contend in all other locations. Source


Automotive, charging network, daimler trucks, electric buses, electric trucks, electric vehicles, Transportation, Traton Group, volkswagen AG, Volvo Group

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