Accelera™ by Cummins, Daimler Trucks & Buses US Holding LLC, and PACCAR have made an exciting decision. They have selected a site in Marshall County, Mississippi, to establish a battery cell manufacturing joint venture. The companies recognize the need to localize battery cell production for commercial electric vehicles, and this venture is set to create over 2,000 manufacturing jobs in the United States.
The joint venture, announced in September 2023, aims to develop cost-effective and innovative battery cell technology to support the adoption of electric vehicles in the medium- and heavy-duty commercial transportation sectors. The businesses involved in the joint venture include Accelera, Daimler Truck, PACCAR, and technology partner EVE Energy. Each company will hold a 30% ownership stake in the venture, with EVE Energy contributing battery cell design and manufacturing capabilities.
The facility will be located in the Chickasaw Trails Industrial Park Megasite, strategically chosen for its proximity to the Norfolk Southern railroad network. Norfolk Southern has been actively involved in developing this site and sees it as a world-class opportunity. The company aims to explore how rail transportation can support and enhance the electric commercial vehicle supply chain.
With the battery cell factory expected to produce 21-gigawatt hours (GWh) of battery cells annually starting in 2027, this venture is a significant step towards a more sustainable future. The joint venture is subject to customary closing conditions and regulatory approvals, including a review by the Committee on Foreign Investment in the United States (CFIUS).
This project not only represents a transformative development for Marshall County but also highlights the commitment of these companies to investing in smart and sustainable growth. By localizing battery cell production, this joint venture will contribute to the ongoing transition towards zero-emissions solutions in vital industries.
Accelera™ by Cummins, Daimler Trucks & Buses US Holding LLC, and PACCAR are at the forefront of driving innovation in the commercial electric vehicle market. Through their diverse portfolio of zero-emissions solutions, including batteries, hydrogen fuel cells, e-axles, and more, they are empowering industries worldwide to embrace a sustainable future. With operations across North America, Europe, and Asia, the impact of their collaborative efforts is truly global.
Marshall County’s selection as the location for this battery cell manufacturing joint venture is a testament to the region’s potential and the hard work of its economic development partners. The project signals a new chapter in the development of the electric commercial vehicle supply chain, and it will undoubtedly shape the industry’s future.
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The source of the article is from the blog newyorkpostgazette.com