Milence, a joint venture between the TRATON GROUP , Daimler Truck and the Volvo Group, exemplifies how competitors can unite to mitigate individual risks while advancing mutual goals. With a €500 million investment, Milence is set to establish at least 1,700 high-performance public charging points across Europe by 2027, supporting the shift to zero-emission heavy-duty vehicles. This collaborative approach enables each partner to contribute without bearing the full financial and operational risk individually, pooling resources to accelerate sector-wide electrification. Strategic hubs like the Port of Antwerp-Bruges and Able Humber Port in the UK – scheduled to open in 2024 – are key to Milence’s network, offering essential connectivity to and within the European market. Milence conducts extensive regional research when selecting locations, ensuring charging stations align with the logistical needs of Europe’s freight sector, which carries nearly 80% of the EU’s land freight.49 By providing sustainable energy solutions for battery- electric trucks and coaches regardless of brand, Milence demonstrates how cross-industry cooperation, even amongst competitors, can create scalable infrastructure solutions that might otherwise be unattainable individually, driving the continent’s transition to cleaner, high-capacity transport. We’ve come together with Daimler Truck and the Volvo Group to take a bold step towards the commercial vehicle industry’s transition to sustainable energy. Through this important collaboration, we harness shared strengths, drive impactful synergies and share risks in developing clean energy infrastructure for all to use. Christian Levin, Chief Executive Officer, TRATON GROUP Charge Hub Varberg Image credit: MilenceCASE STUDY 17 Competitors join forces to electrify Europe’s heavy- duty trucking sector via Milence Unleashing the Full Potential of Industrial Clusters: Infrastructure Solutions for Clean Energies 37

Unleashing the Potential of Industrial Clusters 2025