Trending: Daimler Enters Battery-Making Joint Venture
07 September 2023 - 2:11AM
Dow Jones News
1540 GMT - Daimler Truck Holdings is among the most mentioned
companies across news items over the past 12 hours, according to
Factiva data. The German truck and bus maker is part of a joint
venture, announced Wednesday, to produce battery cells for electric
commercial vehicles with engine manufacturer Cummins and truck
maker Paccar. The investment will total between $2 billion and $3
billion and include a 21-gigawatt-hour factory in the U.S., Cummins
said. Each company will hold a 30% stake while Eve Energy, a
battery-cell maker, will hold 10%. The venture will initially focus
on lithium-iron-phosphate batteries. Dow Jones & Co. owns
Factiva. (david.sachs@wsj.com)
(END) Dow Jones Newswires
September 06, 2023 11:56 ET (15:56 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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