Daimler Truck Holding, Accelera by Cummins and Paccar are forming a joint venture to build a battery plant in the U.S. to help accelerate production of electric trucks.
The factory is expected to cost between $2 billion and $3 billion to supply 21 gigawatt hours of power, the companies said Sept. 6 in a statement. China’s EVE Energy Co. will serve as technology partner.
The three entities will hold 30% each in the venture, with EVE holding the remaining 10%, according to a statement.
