Daimler Truck, Traton, Volvo sign off JV plans for Europe charging network
Daimler Truck (DTGGe.DE), Traton (8TRA.DE) and Volvo (VOLVb.ST) have signed off plans announced in July for a joint venture to set up a high-performance electric charging network for trucks and buses across Europe, the companies said on Thursday.
The three firms will invest 500 million euros ($565.10 million) to set up and operate at least 1,700 high-performance charging points near motorways and logistics hubs within five years, with operations set to commence in 2022.
The venture is still awaiting approval from authorities, the statement said.
($1 = 0.8848 euros)