Firms plan to invest $593 million in charging network for trucks


Sina Schuldt | picture alliance | Getty Images

Three major transportation firms are set to work with one another on the development of a European charging network for “battery electric heavy-duty long-haul trucks and coaches.” 

In a joint announcement earlier this week, Volvo, Daimler Truck and the Traton Group said they had signed a non-binding agreement related to the installation and operation of the network. The goal is to set up a joint venture that all three firms would own an equal part of, with operations slated to commence in 2022.

Together, the companies are set to invest 500 million euros (around $593 million) in the joint venture, which would be based in the Dutch city of…


Employers sweeten child-care benefits to win over workers

Previous article

Sen. Elizabeth Warren slams bank for potential credit score hit to its customers

Next article

You may also like

Leave a Reply

Notify of

More in Energy