Accelera, Daimler and PACCAR select Mississippi for battery cell factory

Accelera, Daimler and PACCAR select Mississippi for battery cell factory

The joint venture will localize battery cell production for commercial EVs and is expected to create more than 2,000 U.S. manufacturing jobs.

Accelera by Cummins, Daimler Trucks & Buses US Holding and PACCAR selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture. The joint venture will localize battery cell production for commercial electric vehicles and is expected to create more than 2,000 U.S. manufacturing jobs, with the option for further expansion as demand grows. The 21-gigawatt hour (GWh) factory is expected to begin producing battery cells in 2027.

Accelera, Daimler Truck and PACCAR will each own 30% of, and jointly control, the business, which will focus on lithium-iron-phosphate (LFP) battery technology for commercial battery-electric trucks. EVE Energy will serve as the technology partner in the joint venture with 10% ownership and will contribute to its battery cell design.

The transaction is subject to customary closing conditions and receipt of applicable merger control and regulatory approvals, including the submission of a voluntary notice to the Committee on Foreign Investment in the United States (CFIUS).

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