Cummins, Daimler Truck And PACCAR Form JV To Advance Battery Cell Production In US
Portfolio Pulse from Benzinga Newsdesk
Cummins, Daimler Truck and PACCAR have formed a joint venture to advance battery cell production in the US. The total investment is expected to be in the range of $2-3 billion for the 21-gigawatt hour (GWh) factory.
September 06, 2023 | 10:42 am
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POSITIVE IMPACT
Cummins' participation in the joint venture for battery cell production could potentially boost its position in the EV market.
The joint venture could potentially enhance Cummins' capabilities in the EV market, which could positively impact its stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
PACCAR's involvement in the joint venture for battery cell production could potentially enhance its capabilities in the EV market.
The joint venture could potentially enhance PACCAR's capabilities in the EV market, which could positively impact its stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100