New company emerges from Cummins joint venture

A joint venture between Cummins and three other companies has now spun off into a  battery production business, to be called Amplify Cell Technologies.

According to the Columbus based engine manufacturer, the joint venture between Cummins’ Accelera zero-emissions business segment, Daimler Trucks, PACCAR and EVE Energy has completed the formation of Amplify Cell Technologies and Kel Kearns will be the new company’s chief executive officer.

Amplify will manufacture battery cells for electric commercial vehicles and industrial uses. The joint venture will initially focus on lithium-iron-phosphate  batteries for commercial  trucks.  The companies plan to invest $2 to 3 billion in a 21-gigawatt hour factory in Mississippi with construction starting soon. The plant will create more than 2,000 manufacturing jobs and is expected to start production in 2027.

Accelera, Daimler Trucks and PACCAR each own 30 percent of the joint venture with EVE Energy owning 10 percent.

Jennifer Rumsey, Cummins Chair and CEO, said “This is a significant step forward as we continue leading our industry into the next era of smarter, cleaner power.”