Volvo Group, Daimler Truck, and the TRATON to build green energy charge points

Volvo Group, Daimler Truck, and the TRATON GROUP have completed the final step in forming joint venture for charging infrastructure in Europe.

The JV plans to install and operate at least 1,700 high-performance green energy charge points on, and close to, highways as well as at logistics hubs across Europe.

The parties are committing to invest EUR500 million in total, which is assumed to be by far the largest charging infrastructure investment in the European heavy-duty truck industry to date.

The JV is expected to have a significant role in supporting the European Union’s Green Deal for carbon-neutral freight transportation by 2050.

The JV intends to take a catalyzing role as a charge point operator (CPO) in the value chain by installing and managing charging stations for heavy-duty trucks and coaches.

It will be a self-standing legal entity, operating under its own corporate identity and based in Amsterdam, Netherlands.

With a strong customer-driven approach focusing on transport operators’ specific needs, the JV will provide reliable and accessible high-performance charging stations for all battery electric heavy-duty vehicle fleet operators.