Mississippi Approves Funding for Electric Truck Battery Factory
TL;DR Summary
Daimler Trucks, Accelera by Cummins, and PACCAR are teaming up to build a $2-3 billion battery cell factory for electric trucks in Mississippi, creating over 2,000 US manufacturing jobs. The 21-gigawatt hour (GWh) factory is set to begin production in 2027, focusing on lithium-iron-phosphate (LFP) battery technology. Each company will own 30% of the joint venture, with China-based EVE Energy as a technology partner. The venture aims to provide cost-effective EV batteries for commercial vehicle customers in North America.
Topics:business#battery-factory#businesstechnology#daimler-trucks#electric-trucks#joint-venture#mississippi
- A $2-3 billion battery factory for electric trucks is headed to Mississippi Electrek
- Incentives for EV battery plant approved by Mississippi lawmakers 16 WAPT News Jackson
- In 2023, Reeves limited state business with China. Today, he's requesting state funds for a Chinese company. Mississippi Today
- MPB Livestream of Gov. Tate Reeves Press Conference EDIT 1.18.2024 Mississippi Public Broadcasting
- Cummins, Daimler Truck, Paccar Miss. Marshall County battery plant - Memphis Business Journal The Business Journals
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