Volvo Team, Daimler Truck, and the TRATON Group have signed a non-binding arrangement to employ and function a higher-effectiveness general public charging network for electrical hefty-duty lengthy-haul vehicles throughout Europe. The agreement was signed to speed up the expansion of charging infrastructure and support the EU’s shift towards climate-neutral transportation.
Volvo Team (AB Volvo) is a multinational corporation whose subsidiary Volvo Vehicles has manufactured a tremendous quantity of the world’s hefty-responsibility trucks. Beforehand, the Swedish automaker has teamed with corporations like DHL to make electrical hefty-obligation vans, and has also teamed with self-driving tech firms like Aurora to acquire autonomous transport answers.
Though TRATON Team is a new maker on our radar, we are pretty acquainted with Daimler and its fleet of weighty-obligation electric vehicles that commonly contend versus Volvo.
With today’s announcement, these three producing competition hope to access a joint undertaking next year to employ large-overall performance charging for their electric vehicles.
Volvo, Daimler, and TRATON request a joint enterprise
In a press launch from Volvo Group, the automaker has signed a non-binding agreement with competitors Daimler Trucks and TRATON Group to put in and run a significant-functionality charging network for electric major-responsibility extended-haul vehicles in Europe.
Though the existing arrangement stays non-binding, it acts as the initial stage in these 3 truck producers toward a future joint undertaking (JV) jointly. This enterprise would be split evenly a few approaches and is scheduled to get started operations in 2022
Within five yrs from the establishment of mentioned undertaking, the companies have shared programs to spend €500 million together to fund the set up and operation of at least 1,700 significant-general performance charging factors in close proximity to highways, moreover logistic and destination factors.
This foreseeable future JV will run less than its own company id to be named at a later day, and will be based in Amsterdam. Outside of this arrangement and JV, Volvo, Daimler, and TRATON will remain rivals in all other areas. Martin Lundstedt, president and CEO Volvo Group, elaborates:
We are laying the important basis in producing a split-hrough for our consumers to make the transformation to electrification by creating a European charging network chief. We have powerful electromobility systems, and now, with Daimler Truck, the TRATON Group and many thanks to the European Green Offer, also an field-extensive knowledge as nicely as a political natural environment to make essential progress towards sustainable transportation and infrastructure methods.
The makers anticipate the amount of community charging points to increase significantly as time goes on by including further associates to the venture in addition to trying to find public funding. The development of the aforementioned JV will even now will need to pass numerous regulatory approvals in Europe. The formal signing of the JV agreement is anticipated before the close of 2021.
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