November 21, 2024 11:11 pm
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Is Arizona in line for yet another battery cell production plant?

By Pete Danko and Amy Edelen | Phoenix Business Journal

Daimler Truck, the German company that makes electric big rigs for the U.S. market in Portland, Oregon, and has a parts distribution center in Goodyear, is in a new joint venture to manufacture battery cells in the United States.

Daimler and partners Cummins (NYSE: CMI) and Paccar (Nasdaq: PCAR) said they expect to invest $2 billion to $3 billion into the Accelera joint venture, which will supply cells for electric commercial vehicles and industrial applications.

Read the full subscription story from the Phoenix Business Journal.

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