Mississippi Approves Funding for Electric Truck Battery Factory
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.