Three truck manufacturers incorporate joint venture to develop European EV charging network

2022/07/11 at 8:12 AM

Daimler Truck, Traton Group and Volvo Group, three major European manufacturers of heavy goods vehicles, have established the Commercial Vehicle Charging Europe joint venture. The new entity will build and manage high-performance charging solutions for battery-powered trucks. It is planning to install at least 1,700 charging stations within the next five years across Europe.

Illustrative picture. Charging a truck at the Mercedes-Benz Trucks site in Wörth am Rhein, source: Mercedes-Benz Trucks

In July 2021, Daimler Truck, the Traton Group and the Volvo Group, in spite of being competitors, announced their joint intention to establish a partnership to develop European charging infrastructure for electric trucks. Now, three manufacturers of heavy goods vehicles (HGVs) have set a milestone in this policy. On Friday, 8 July, they reported the incorporation of the dedicated joint venture, which is run by Anja van Niersen from the company’s headquarter in Amsterdam. The new entity was named Commercial Vehicle Charging Europe. Owning equal shares in their joint venture, the three partners are committing to totally invest 500 million euros in the enterprise.

The key target of the Commercial Vehicle Charging Europe JV is to contribute to supporting the European Union’s Green Deal for carbon-neutral freight transport by 2050. To this end, the company will establish a European network of charging stations for electric trucks that will consist of 1,700 points, which will be placed near European highways and logistics hubs. “The charging network initiated by the three parties will be open and accessible to all heavy commercial vehicles in Europe, regardless of brand,” the three manufacturers noted in a joint statement.

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