Brief: Daimler Truck - Forms JV With Accelera By Cummins, Paccar

Cummins

06/09/2023 11:30

Sept 6 (Reuters) - Paccar Inc  PCAR.O :
    * DAIMLER TRUCK: FORMS JV WITH ACCELERA BY CUMMINS, PACCAR
TO
ADVANCE BATTERY CELL PRODUCTION IN US
    * DAIMLER TRUCK: TOTAL INVESTMENT EXPECTED IN RANGE OF $2-3
BILLION FOR THE 21-GWH FACTORY
    * DAIMLER TRUCK: EACH FIRM WILL OWN 30% OF, AND JOINTLY
CONTROL,
JV
    * DAIMLER TRUCK: JV WILL INITIALLY FOCUS ON
LITHIUM-IRON-PHOSPHATE
BATTERY TECH FAMILY FOR COMMERCIAL BATTERY ELECTRIC TRUCKS

Source text for Eikon:  ID: 
Further company coverage:  PCAR.O 

 (Reporting by Friederike  Heine)
 ((friederike.heine@thomsonreuters.com;))