Accelera by Cummins, Daimler Truck and PACCAR form joint venture for battery cell production in US

Accelera by Cummins, Daimler Truck and PACCAR announced a joint venture to manufacture lithium-iron-phosphate battery cells for electric commercial vehicles and industrial applications in the United States. Total investment is expected to be $2-3 billion for a 21-gigawatt hour factory. EVE Energy will be the technology partner with 10% ownership.

“The planned joint venture will manufacture battery cells for electric commercial vehicles and industrial applications, creating highly desirable U.S. manufacturing jobs.”paccar.com

• 2 sources
• paccar.comAccelera by Cummins, Daimler Truck and PACCAR Form a Joint Venture to Advance Battery Cell Production in The United States | PACCAR IncSep 6, 2023
• investors.paccar.comPACCAR Inc - Accelera by Cummins, Daimler Truck and PACCAR Form a Joint Venture to Advance Battery Cell Production in The United StatesSep 6, 2023

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