Cummins, Daimler, and Paccar will build its joint-venture battery cell manufacturing plant in Marshall County, Mississippi. The three will each own 30% of the venture and jointly control it, with a Chinese partner owning the other 10%.
The group expects the 21-gigawatt hour factory to begin producing battery cells in 2027.
According to a report in the Wall Street Journal, the plant will cost $2 billion to build and will eventually produce enough batteries to power 40,000 trucks.
The planned joint venture between Accelera by Cummins, Daimler Truck, and Paccar will create scale to deliver cost effective and differentiated battery cell technology that supports the adoption of electric vehicles for medium- and heavy-duty commercial transportation. EVE Energy will contribute its battery cell design and manufacturing expertise. EVE Energy, located in Huizhou, China, manufactures LFP battery cells for the vehicle industry.