BERLIN (Reuters) – Daimler Truck, Traton and Volvo have signed off plans announced in July https://www.reuters.com/article/truck-jv-electric-idCNL2N2OH0HN 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)
(Reporting by Riham Alkousaa, Victoria Waldersee)