European charging infrastructure joint venture

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Published 2022-07-08
Point(s) of Contact Claes Eliasson
Organization(s) Volvo
Traton Group
Where Gothenburg Sweden
Display Yes
Press Release

Today, the Volvo Group, Daimler Truck, and the TRATON GROUP completed the final step in forming the previously announced joint venture for charging infrastructure in Europe. The new joint venture, with Anja van Niersen as appointed CEO, is expected to have a significant role in supporting the European Union's Green Deal for carbon-neutral freight transportation by 2050.

The joint venture (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.