Cummins, Daimler Truck, Paccar Aim to Advance U.S. Battery-Cell Production
06 Settembre 2023 - 1:23PM
Dow Jones News
By Colin Kellaher
Engine maker Cummins and truck makers Daimler Truck and Paccar
are teaming up in an effort to advance battery-cell production and
the battery supply chain in the U.S.
The companies on Wednesday said they are forming a joint venture
to make battery cells for electric commercial vehicles and
industrial applications, with a planned investment of $2 billion to
$3 billion in a 21-gigawatt-hour factory.
Cummins, Daimler Truck and Paccar said they will each own 30% of
the venture, which will initially focus on the
lithium-iron-phosphate battery-technology family for commercial
battery-electric trucks.
The companies said the venture will produce battery cells with
lower cost and longer life compared with other battery chemistries,
without the need for nickel and cobalt raw materials.
A Daimler Truck representative said the venture partners are
working to find an optimal site for the planned manufacturing
plant, with the announcement of a location within the next six
months.
Battery-cell maker EVE Energy will serve as technology partner
in the venture, with a 10% stake, the companies said.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 06, 2023 07:08 ET (11:08 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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