Three of the world's leading commercial vehicle manufacturers, Daimler Truck, Traton Group and Volvo Group, signed an important agreement on the high-performance charging network. In line with the said agreement, a joint venture will be created to build and operate a Europe-wide high-performance public charging network exclusively for battery-electric heavy-duty long-haul trucks/Tractors and buses. Subject to regulatory approvals, the joint venture is committed to initiating and accelerating the construction of the necessary charging infrastructure for the growing number of customers of electric vehicles in Europe, as well as contributing to CO2050-neutral transport in Europe by 2.
The joint venture, in which Daimler Truck, Traton Group and Volvo Group will have equal shares, is scheduled to become operational in 2022, after all regulatory approval processes are completed. The joint venture, which is planned to operate under its own corporate identity and be headquartered in Amsterdam, the Netherlands, will benefit from the extensive experience and knowledge of its founding partners in the heavy-duty truck industry.
An investment of 500 million Euros will be made
Within the framework of the cooperation of the three companies, an investment of 500 million Euros will be made, which is considered to be by far the largest charging infrastructure investment in the European heavy-duty truck industry. Following the establishment of the joint venture, it is aimed to establish and operate at least 1.700 high-performance green energy charging stations, both on and near highways, and at logistics and destination points within a five-year period. It is also aimed to significantly increase the number of charging stations with additional public financing and new business partnerships.
Aiming to provide the necessary infrastructure and use green energy at charging stations, the joint venture will act as an accelerator and facilitator for the implementation of the European Union's Green Deal for carbon neutral freight transport by 2050. The collaboration of Daimler Truck, Traton Group and Volvo Group addresses the urgent need for a high-performance charging network to support truck/trailer operators' transitions to CO2-neutral transport solutions, particularly in long-haul heavy-duty transport. High-performance charging infrastructure enabling long-distance CO2-neutral trucking is seen as one of the cost-effective ways to quickly and effectively reduce emissions from the transport sector. The joint venture stands out as an important starting and development point for the success of CO2-neutral heavy-duty trucks/Tractors and buses.
The joint venture's charging network will be open and accessible to all commercial vehicles in Europe
Daimler Truck, Traton Group and Volvo Group see their joint venture as a breakthrough for the transport industry to reduce carbon emissions and other industries to benefit in various ways. According to a recent industry report*; Until 2025 at the latest, up to 15.000 high-performance charging stations on public and destination routes should be installed, and by 2030 at the latest, up to 50.000 high-performance charging stations should be installed. Therefore, the joint venture; It also serves as a call to action for all other industry stakeholders, governments and policy makers to work together to rapidly expand the necessary charging network to contribute to achieving climate goals. Three-party charging network, as a clear call to all stakeholders; It will be open and accessible to all commercial vehicles in Europe, regardless of brand.
Different applications will be considered by focusing on the needs of the customers.
As part of the joint venture of Daimler Truck, Traton Group and Volvo Group, different applications will be considered, focusing on the needs of customers. Battery electric vehicle fleet operators will be able to take advantage of this service, focusing both on fast charging adapted to the mandatory 45-minute rest period in Europe, and on long-distance transport, the joint venture's highest priority in the future.
Daimler Truck, Traton Group and Volvo Group, which will have equal shares in the joint venture, which is subject to regulatory approvals, will continue to be competitors in all other areas.