Cummins (CMI) & Partners Set Sights on Mississippi for Battery JV
Cummins(CMI) Zacks Investment Research·2024-01-20 07:36Cummins’ (CMI) Accelera, PACCAR (PCAR) and Daimler Truck AG have chosen Marshall County, MS, as the future site for their joint venture's (JV’s) advanced battery cell manufacturing. The investment for the factory in Mississippi is estimated to be in the range of $2-$3 billion.The collaboration aims to localize battery cell production for commercial electric vehicles (EVs). It will foster economic growth, create over 2,000 manufacturing jobs in the United States and support the adoption of electric vehicles ...