'BAE Systems To Collaborate With Cummins On Transit Bus Hybrid Drivetrain For 2027 And Beyond'
Portfolio Pulse from Benzinga Newsdesk
BAE Systems and Cummins Inc. have announced a collaboration to develop a hybrid electric drivetrain for transit buses, targeting a 2027 launch. This partnership aims to provide transit agencies with a cost-effective, emission-reducing technology. BAE Systems will supply electric drive hardware and engineering support, continuing their long history of developing electric propulsion systems for various vehicles. The collaboration builds on a relationship since 1994, focusing on sustainable transit solutions.
April 24, 2024 | 2:07 pm
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Cummins Inc.'s collaboration with BAE Systems to develop a hybrid electric drivetrain for transit buses by 2027 highlights its commitment to sustainable transportation solutions.
The collaboration with BAE Systems to develop a hybrid electric drivetrain positions Cummins Inc. at the forefront of sustainable transportation solutions. This partnership not only reinforces Cummins' commitment to reducing emissions but also potentially opens up new markets and revenue streams in the transit bus sector. Given the increasing global focus on reducing carbon footprints, this move is likely to be viewed positively by investors and could lead to a short-term positive impact on Cummins' stock price.
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