<p class="MsoNormal" style="line-height: 150%;">Accelera by Cummins, Daimler Truck Holding, and Paccar, three big names in the trucking industry, are working together on a new business practice to help the environment. To do their part in the fight against climate change, they have invested in an electric vehicle plant that will significantly speed up the production of batteries for electric vehicles. They also proudly announce that this plant will provide hundreds of jobs for manufacturing in the U.S., helping contribute to positive economic growth. The three companies have not yet shared where the plant will be located.</p>
<h3><span style="color: rgb(0, 0, 0);">The three main companies, Accelera by Cummins, Daimler, and Paccar, will each own 30% shares in the company and the </span><span style="color: rgb(0, 0, 0);">remaining 10% will go to Eve Energy Co.</span></h3>
<p>Eve Energy Co. is a smaller investor in the company as they are more limited in their contributions. They will predominantly act as a partner focused on technology. They will provide battery cell designs and expertise in battery manufacturing.</p>
<p>The heads of the three main companies have all been very outspokenly happy with this union and project. Chair and CEO of Cummins, Jennifer Rumsey, spoke about the obligation they have in contributing to decarbonizing. She spoke about the merger calling it &ldquo;best for all of our stakeholders and the planet.&rdquo; Martin Daum, the CEO of Daimler, said that partnerships are essential for the company&rsquo;s success as they work toward more sustainable practices and transportation methods. Lastly, Preston Feight, the CEO of Paccar, described the vision for the project. He explained it as ultimately seeking the &ldquo;highest quality, locally produced battery technology to enhance the operations of our customers.&rdquo;</p>
<p>Together, the companies have strong faith in their union and joint venture. They have confirmed that initially, their business will focus on developing lithium-iron-phosphate battery tech. These batteries would be used as commercial batteries for electric trucks.</p>
<h3><span style="color: rgb(0, 0, 0);">The final, smaller investor, Eve Energy, is fairly new, but rapidly growing.</span></h3>
<p>They are based in China and focus on developing, manufacturing, and distributing battery products. They have grown significantly in just a few years and are now a publicly traded company as well.</p>
<p>The future of electric, battery-operated trucks looks brighter and brighter with business moves such as these. Working together instead of apart is the quintessential step in this process that makes it so different from other attempts. While the phrase is cheesy, teamwork really does make the dream work and these four companies understand that.</p>

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Three Big Trucking Names Work Together on EV Plant