Accelera, the zero-emissions arm of Cummins Inc., Daimler Trucks & Buses (a Daimler Truck Group Company); and Paccar have announced that the future advanced battery cell plant for their US-focused joint venture will be located in Marshall County, MS.

The JV itself will localize battery cell production for commercial EVs and is expected to create more than 2,000 domestic manufacturing jobs, with the option to expand further in response to growing demand. The companies expect that the plant, which will produce 21 GWh of batteries, will commence operations and begin producing battery cells in 2027.

The planned joint venture between the three companies was announced in September 2023 and aims to create the scale to deliver cost-effective, differentiated, battery cell technology that supports EV adoption for medium- and heavy-duty commercial transportation. Accelera, Daimler Truck and Paccar will each own 30% of the business, which will focus on developing LFP battery technology for commercial battery-electric trucks. EVE Energy, a battery manufacturing company, will serve as a technology partner in the joint venture, receiving the remaining 10% ownership stake and supporting the battery cell design and manufacturing practices of its future plant.

The transaction is subject to customary closing conditions and receipt of applicable merger control and regulatory approvals, including the submission of a voluntary notice to the Committee on Foreign Investment in the United States (CFIUS).