VW's MAN and E.ON join forces to charge electric trucks
Adds details throughout
FRANKFURT, July 11 (Reuters) -German energy company E.ON EONGn.DE and Volkswagen subsidiary MAN VOWG.DE Truck & Bus plan to set up a pan-European electric charging network for trucks, starting this year, they said on Thursday.
Europe has set itself the goal of reducing emissions from heavy commercial vehicles by 90% by 2040 compared with 2019.
So far, however, zero-emission electric trucks are rare in Europe, while the take-up of passenger electric cars has grown steadily, although it is beginning to slow.
The lack of charging infrastructure is often a decisive factor for companies when deciding whether to opt for battery-electric trucks.
E.ON and MAN said joining forces would allow them to overcome the hurdles, in a joint statement issued at a signing event in Essen, western Germany.
"We are investing heavily to give the infrastructure for electric heavy goods transport a decisive boost and to set the course for sustainable logistics and green supply chains," E.ON's chief executive Leonhard Birnbaum said.
MAN Truck & Bus head Alexander Vlaskamp said he was delighted with the partnership with E.ON.
A first site in the multi-country network will open this year, with around 80 to follow by the end of 2025 and 170 locations planned long term, of which 125 will be in Germany, the statement said.
Additional sites are being built in Austria, Britain, Denmark, Hungary, Italy, Poland and the Czech Republic.
Initially, each site will be equipped with several 400 kilowatt charging stations, allowing an average electric truck to recharge for a range of up to 300 kilometers (km) in about 45 minutes.
Subsequently, they would install infrastructure to allow more rapid charging.
MAN plans to launch a truck with a daily range of up to 800 km later this year.
Neither company gave detail of how much they were spending on the project.
Reporting by Vera Eckert and Tom Kaeckenhoff, editing by Madeline Chambers and Barbara Lewis
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
