UK markets open in 5 hours 59 minutes
  • NIKKEI 225

    27,479.80
    +12.57 (+0.05%)
     
  • HANG SENG

    24,513.12
    +385.27 (+1.60%)
     
  • CRUDE OIL

    86.00
    -0.96 (-1.10%)
     
  • GOLD FUTURES

    1,841.90
    -1.30 (-0.07%)
     
  • DOW

    35,028.65
    -339.82 (-0.96%)
     
  • BTC-GBP

    30,650.70
    -602.73 (-1.93%)
     
  • CMC Crypto 200

    990.58
    -4.17 (-0.42%)
     
  • ^IXIC

    14,340.25
    -166.64 (-1.15%)
     
  • ^FTAS

    4,273.79
    +10.75 (+0.25%)
     

Daimler Truck, Traton, Volvo sign off JV plans for Europe charging network

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
A battery charger sign for electric cars is painted on the ground of a parking ground near the soccer stadium in Wolfsburg
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

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)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting