# 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.

- Type: Acquisition
- Announced: 2023-09-06
- Where: United States
- Value: $2.50B
- Status: announced
- Capacity: 21 GWh per year
- Products: lithium-iron-phosphate battery cells for commercial vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [PACCAR](https://endata.com/companies/20768.md) (partner)
- [Daimler Truck AG](https://endata.com/companies/26930.md) (partner)
- [Eve Energy](https://endata.com/companies/33548.md) (partner)
- [Accelera by Cummins](https://endata.com/companies/72445.md) (partner)

## Sources

- [paccar.com](https://www.paccar.com/news/current-news/2023/accelera-by-cummins-daimler-truck-and-paccar-form-a-joint-venture-to-advance-battery-cell-production-in-the-united-states/), 2023-09-06: "The planned joint venture will manufacture battery cells for electric commercial vehicles and industrial applications, creating highly desirable U.S. manufacturing jobs."
- [investors.paccar.com](https://investors.paccar.com/financial-news/news-details/2023/Accelera-by-Cummins-Daimler-Truck-and-PACCAR-Form-a-Joint-Venture-to-Advance-Battery-Cell-Production-in-The-United-States/default.aspx), 2023-09-06: "Total investment is expected to be in the range of $2-3 billion for the 21-gigawatt hour (GWh) factory."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.