Brief: Paccar Inc - Accelera By Cummins, Daimler Truck And Paccar Select Mississippi For Battery Cell Production

Cummins

18/01/2024 22:08

Jan 18 (Reuters) - Paccar Inc  PCAR.O :
    * PACCAR INC - ACCELERA BY CUMMINS, DAIMLER TRUCK AND PACCAR
SELECT MISSISSIPPI FOR BATTERY CELL PRODUCTION IN UNITED STATES
    * PACCAR INC - JOINT VENTURE WILL LOCALIZE BATTERY CELL
PRODUCTION
FOR COMMERCIAL ELECTRIC VEHICLES
    * PACCAR INC -  JOINT VENTURE IS EXPECTED TO CREATE MORE
THAN
2,000 U.S. MANUFACTURING JOBS, WITH OPTION FOR FURTHER EXPANSION
AS DEMAND GROWS
    * PACCAR INC - 21-GIGAWATT HOUR (GWH) FACTORY IS EXPECTED TO
BEGIN
PRODUCING BATTERY CELLS IN 2027
    * PACCAR INC - ACCELERA, DAIMLER TRUCK AND PACCAR WILL EACH
OWN
30% OF, AND JOINTLY CONTROL, BUSINESS
    * PACCAR INC -  EVE ENERGY WILL SERVE AS TECHNOLOGY PARTNER
IN
JOINT VENTURE WITH 10% OWNERSHIP
    * PACCAR INC - BUSINESS WILL FOCUS ON LITHIUM-IRON-PHOSPHATE
(LFP)
BATTERY TECHNOLOGY FOR COMMERCIAL BATTERY-ELECTRIC TRUCKS

Source text for Eikon:  ID:nBw84c9v2a 
Further company coverage:  PCAR.O 

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