Accelera, the zero-emissions business segment of Cummins, Daimler Trucks & Buses US and PACCAR have selected Marshall County, Mississippi, as the future site of battery cell manufacturing for their planned joint venture which will localise battery cell production for commercial electric vehicles and is expected to create 2,000 jobs, with the option for further expansion as demand grows.
The 21 gigawatt hour (GWh) factory is expected to begin producing battery cells in 2027.
The three companies will each own 30% of, and jointly control, the business, which will focus on lithium iron phosphate (LFP) technology for commercial battery electric trucks. EVE Energy will be technology partner with 10% ownership and will contribute battery cell design and manufacturing expertise to the future cell manufacturing plant. EVE Energy is already a global leader in the manufacture of LFP battery cells for the vehicle industry.
“Localised battery cell production is an important component of delivering our customers – the fleets that keep America and the world moving – cost effective options for decarbonising their operations,” said John O’Leary, president and CEO, Daimler Truck North America.
The transaction is subject to customary closing conditions and receipt of applicable merger control and regulatory approvals, including the submission of a voluntary notice to the Committee on Foreign Investment in the United States (CFIUS).
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData