Volvo Group, Daimler Truck and Traton Group have agreed to work together to develop a charging network for electric trucks in Europe.
A newly formed joint venture owned by the three truck makers will enter operations next year, and will inject 500 million Euros into a charging network consisting of at least 1,700 stations.
The new entity will operate as a standalone business out of the Netherlands.
The charging network will help the European trucking industry achieve carbon-neutral freight transport by 2050, the manufacturers claim.
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