Vehicle construction – Leinfelden-Echterdingen – Daimler Truck wants to produce battery cells in the USA – Economics

Linfelden-Echterdingen (dpa) – Commercial vehicle manufacturer Daimler Truck plans to establish a joint venture in the production of battery cells in the USA. Daimler Truck has entered into a partnership with Accelera – a division of US engine maker Cummins – and US truck manufacturer Paccar, the company in Leinfelden-Echterdingen near Stuttgart announced on Wednesday. The total investment for the plant, which has an annual capacity of 21 gigawatt-hours, is expected to be between two billion and three billion US dollars.

Each of the three companies will own 30% of the joint venture and will control it together. In addition, Chinese battery cell manufacturer EVE Energy will become a technology partner with a 10 percent ownership stake. She added that the joint venture initially wants to focus on lithium iron phosphate battery technology for use in battery-electric commercial vehicles.

Upon request, the spokesperson was unable to provide any accurate information about the start of construction and the location of the plant. The final location is scheduled to be announced within the next six months. According to the spokesman, the first battery cells for cars will be produced in North America. Production should start in 2027.

Nancy Stevens

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