COLUMBUS, Ind. — Accelera by Cummins, the zero-emissions business unit of Cummins Inc., Daimler Trucks/Buses US Holding LLC, and PACCAR are partnering to expedite and localize battery cell production and the battery supply chain in the United States.
The planned joint venture will manufacture battery cells for electric commercial vehicles and industrial applications. Total investment is expected to be $2-3 billion for the 21-gigawatt hour (GWh) factory.
Accelera by Cummins, Daimler Truck and PACCAR will each own 30% of, and jointly control, the joint venture, which will focus on the lithium-iron-phosphate battery technology family for commercial battery-electric trucks. EVE Energy will serve as the technology partner with 10% ownership.
“We have the responsibility to decarbonize in a way that is best for all of our stakeholders and the planet. This requires working closely with key partners. Today’s announcement reflects that action. Not only are we advancing a key technology solution for our customers, but accelerating the energy transition in the United States,” said Jennifer Rumsey, Cummins Chair and Chief Executive Officer.
