![]() ![]() This planned joint venture enables economies of scale beyond Daimler Truck. Martin Daum, CEO of Daimler Truck said, “For Daimler Truck, partnerships and a strict focus on costs and smart capital allocation are the key levers to succeed on the path toward sustainable transportation. The companies assert that the joint venture enables them to create the scale needed for cost-effective EV batteries, “ultimately creating value for commercial vehicle customers in North America.” It uses LFP batteries in its new RIZON medium-duty truck, which we got a chance to drive recently (we’ve also driven Daimler/Freighliner’s other electric truck offerings). It’s going to bring its battery cell design and “manufacturing know-how” to the table.ĭaimler asserts in its announcement that the LFP battery cells produced by the joint venture will be able to offer lower cost, longer life, and enhanced safety without the need for nickel and cobalt raw materials. ![]() The total investment is expected to be in the range of $2-3 billion for the 21-gigawatt hour (GWh) factory, and the initial focus will be on lithium-iron-phosphate (LFP) battery technology.Ĭhina-based EVE Energy, which manufactures LFP battery cells for EVs, will be the technology partner in the joint venture, with 10% ownership. Each company will own 30% of the joint venture. The joint venture – which consists of Accelera, the zero-emissions business unit of Cummins Daimler Trucks & Buses and large commercial truck maker PACCAR – will build battery cells for commercial electric trucks. Daimler, Cummins, and PACCAR are forming a joint venture to manufacture battery cells in the US for commercial electric trucks. ![]()
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