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				Daum said in an interview on the sidelines of the IAA 
				Transportation conference in Hannover on Monday that he did not 
				see any signs of demand dipping in the truck market and that 
				order books were filling up the moment they were opened. 
				 
				This demand meant the truck and bus maker was still able to pass 
				on its higher costs, enabling margins to recover from a hit 
				during the pandemic to the target range of 7-9%. 
				 
				The company sold 120,961 units in the second quarter of 2022, up 
				4% from the same period last year. 
				 
				Daimler Truck aims for up to 60% of its sales to be electric or 
				hydrogen-fuelled vehicles by 2030, Daum said after the firm 
				introduced its first heavy electric truck, fuelled by LFP 
				batteries to reach a range of up to 500 kilometres. 
				 
				Daum said Europe, and Germany in particular, was lagging on 
				building battery production, with most still coming from Asia. 
				 
				"Germany has a clear competitive disadvantage when it comes to 
				energy prices," Daum said, referring to record high energy 
				prices in the German market caused in part by a standoff on gas 
				deliveries between Germany and Russia. 
				 
				This could hold back the country's ambitions to build batteries, 
				a highly energy-intensive process, Daum said.  
				 
				(Reporting by Christina Amann, Writing by Victoria Waldersee, 
				Editing by Rachel More and Alexander Smith) 
				 
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