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CMI Cummins Inc

298.61
0.00 (0.00%)
Pre Market
Last Updated: 09:05:29
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cummins Inc NYSE:CMI NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 298.61 0 09:05:29

Trending: Daimler Enters Battery-Making Joint Venture

06/09/2023 5:11pm

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1540 GMT - Daimler Truck Holdings is among the most mentioned companies across news items over the past 12 hours, according to Factiva data. The German truck and bus maker is part of a joint venture, announced Wednesday, to produce battery cells for electric commercial vehicles with engine manufacturer Cummins and truck maker Paccar. The investment will total between $2 billion and $3 billion and include a 21-gigawatt-hour factory in the U.S., Cummins said. Each company will hold a 30% stake while Eve Energy, a battery-cell maker, will hold 10%. The venture will initially focus on lithium-iron-phosphate batteries. Dow Jones & Co. owns Factiva. (david.sachs@wsj.com)

 

(END) Dow Jones Newswires

September 06, 2023 11:56 ET (15:56 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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