Accelera Project Daimler / Paccar / Cummins: Battery Cells from Mississippi Soon

“The site selection is another exciting and concrete step on the path of our Destination-Zero strategy and underscores our vision to lead the industry in decarbonization,” says Jennifer Rumsey, Chair and Chief Executive Officer of Cummins. “We look forward to becoming part of Marshall County and promoting economic growth and job creation in Mississippi. At the same time, we continue to build on our strong partnerships and meet our diverse customer needs.”

“Local production of battery cells is an important component in offering our customers – the transport fleets that move America and the world – cost-efficient solutions to decarbonize their operations,” says John O’Leary, President and CEO of Daimler Truck North America. “We thank the State of Mississippi and Marshall County for supporting us in implementing this endeavor and achieving our shared climate goals.”

“For Paccar, the State, communities, and people of Mississippi have always been excellent business partners. We look forward to expanding this partnership in northern Mississippi with this new battery cell factory. This production facility will be industry-leading and offer our customers cost-effective and emission-free solutions,” said Preston Feight, Paccar Chief Executive Officer.

According to their own statements, Accelera, Daimler Truck, and Paccar aim to lead the transformation of the commercial vehicle industry towards sustainable and emission-free technologies. The partners are committed to reducing CO₂ emissions in line with the Paris Climate Agreement.

The transaction is subject to customary closing conditions and obtaining the necessary approvals from antitrust and regulatory authorities, including the submission of a voluntary complete notice to the Committee on Foreign Investment in the United States (CFIUS).