Global truck manufacturer Traton SE has added more than $1 billion to its investment plans in electric mobility research and development.
Munich-headquartered Traton, which last year acquired Navistar and also owns the Scania and Man brands among others, now plans to put to work €2.6 billion (about $2.9 billion at current exchange rates) between now and 2026 on developing and refining alternative drivetrains. That’s up from the €1.6 billion it had previously looked to invest by the end of 2025 and some of those additional funds will be taken from the company’s work on conventional drives.
“These drives are clearly the greenest, fastest, and most affordable solution for our customers, even for long-haul transportation, although hydrogen may prove to be a useful addition in certain niches,” CEO Christian Levin said in a statement. “Since trucks are charged primarily during peaks in supply and troughs in demand, even the power load on the grid is moderate.”
Levin and his team are looking to have half of the trucks they sell be zero-emission by 2030. For more on their outlook and Traton’s fourth-quarter results, visit our sister brand FleetOwner.
