July 10, 2022
Founded CV Charging Europe, with the aim of establishing electric infrastructure for commercial vehicles and heavy trucks in all major roads in Europe within five years
The three largest truck manufacturers in Europe, Volvo, Daimler and Volkswagen (through its subsidiary Traton), set up the joint venture CV Charging Europe, With the aim of deploying 1,700 within five years electric charging stations for commercial vehicles and trucks on all major roads in Europe. The new company received from the founders a total budget of about 500 million euros, to build the infrastructure. The company will operate in the format of an independent company headquartered in Amsterdam.
The company will be run by Ania Van Niersen, founder of a network of electric charging stations in the Netherlands. It will operate in the format of an electric charging service provider for all heavy vehicles to be used in Europe. It will be jointly owned by the three companies, which will continue to compete with each other in other areas. The president and CEO of the Volvo Group, explained that the joint venture will provide infrastructure for long-term electric transport in Europe. “The market has been waiting a long time for this initiative. No company can do it on its own. “
Traton truck maker Christian Levin said the partnership between the three competitors would push the industry to accelerate the shift to using electric transport. This is a very large investment: according to the European Automobile Manufacturers Association, THATIn order to make the transition to mainly electric transportation, an array of about 50,000 charging stations will be needed, which will be built by 2030. The new company plans to continue installing additional charging stations in Europe even after the initial destination is completed. For this purpose, she is interested in joining additional partners and hopes that she will also receive public funding. It is not clear whether this refers to government funding or an IPO.
Posted in categories: Automotive, News
Posted in tags: electric vehicle, charging stations
