Daimler Truck, the TRATON GROUP and the Volvo Group have completed the final step in forming the previously announced joint venture for charging infrastructure in Europe. The new joint venture, with Anja van Niersen as appointed CEO, is expected to have a significant role in supporting the European Union’s Green Deal for carbon-neutral freight transportation by 2050.As announced last year, the joint venture plans to install and operate at least 1,700 high-performance green energy charge points on, and close to, highways as well as at logistics hubs across Europe. The parties are committing to invest EUR 500 million in total, which is assumed to be by far the largest charging infrastructure investment in the European heavy-duty truck industry to date.The JV intends to take a catalyzing role as a charge point operator in the value-chain by installing and managing charging stations for heavy-duty trucks and coaches.With a strong customer-driven approach focusing on transport operators’ specific needs, the JV will provide reliable and accessible high-performance charging stations for all battery electric heavy-duty vehicle fleet operators.Daimler Truck, the TRATON GROUP and the Volvo Group will own equal shares in the JV but continue to be competitors in all other areas. The three partners signed the joint venture agreement in December 2021. Since then the necessary approvals by the responsible authorities were obtained.