Accelera by Cummins, Daimler Truck, and PACCAR form JV to advance battery cell production
Accelera by Cummins (NYSE:CMI), Daimler Trucks & Buses US Holding, and PACCAR (NASDAQ:PCAR) form a joint venture to manufacture battery cells for electric commercial vehicles and industrial applications in the U.S.
Total investment is expected to be in the range of $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 initially focus on the lithium-iron-phosphate (LFP) battery technology family for commercial battery-electric trucks.
Source: Press Release



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