Daimler, Volvo and Traton Plan $600 Million Truck-charging JV

Daimler Truck, AB Volvo and Traton

Daimler Trucks, AB Volvo and Traton invest 167 million Euro each to form joint venture.

JV to Install at Least 1,700 Charging Points Over 5 years

Three major European truck manufacturers - Daimler Trucks, AB Volvo and Traton have planned to form a joint venture to develop an electric battery-charging network for long-haul trucks and buses.

Charging infrastructure expansion has been a central hurdle to the mass adoption of battery-powered vehicles, with the lack of expansion fuelling so-called range anxiety, the fear of not having enough charging spots to make the trip.

The three companies, which are all building electric trucks and are normally competitors, will jointly invest 500 million euros ($593 million) in the venture that they will own equally and that will start operations in 2022.

The aim is to install and operate at least 1,700 charging points within five years. The joint company will be based in Amsterdam and will over time seek further partners and public funding.


About the author

Mary has over 20 years experience as the editor of our Malaysian sister magazine, The Tyreman. Based in Kuala Lumpur, she writes articles for us on the Malaysian and other South East Asian markets.

Phone: (60) 3 7781 1323

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