Cummins, Daimler, and Paccar are joining forces to build a plant in Mississippi that will make batteries for electric commercial trucks, reports Bob Tita of The Wall Street Journal. He writes:
The U.S.’s biggest commercial truck and engine builders are betting that the freight industry is ready to swap diesel fuel pumps for battery chargers.
The diesel engine maker Cummins and the truck builders Daimler Truck and Paccar plan to build a $2 billion battery factory in Mississippi to produce batteries for commercial trucks. The plant, which the companies will operate as a joint venture, is expected to begin producing battery cells in 2027. […]
“Batteries are the single most expensive part of an electric truck,” he said.
Read more here.
