Billion-dollar battery-factory project breaks ground
03 July 2024
Amplify Cell Technologies 鈥 a joint venture between US-based engine manufacturer Cummins鈥 Accelera, Daimler Trucks & Buses (a US subsidiary of the German-owned company Daimler Trucks), and US commercial truck design and manufacturing company Paccar 鈥 recently broke ground for a battery factory in Mississippi, US.
Local, state, and federal officials in Mississippi, US, at the groundbreaking for a battery-cell construction project for Amplify Cell Technologies JV. (Image: Accelera by Cummins)
The joint venture .听
The three companies each own a 30% stake in the JV with China-based EVE Energy holding the remaining 10%. EVE is contributing battery-cell design and manufacturing expertise.
The build, helmed by US-based Yates Construction, required a more than US$2 billion investment by the JV, but exact financials for the construction project were not available.
At the 500-acre (202-hectare) site will be a two million sq ft (185,806m2) facility with an annual manufacturing capacity of 21 GWh (gigawatt hours).
The new facility will produce lithium iron phosphate (LFP) battery cells for electric vehicles, said Amplify, noting it was 鈥渁 cell chemistry chosen for its durability and cost-effectiveness. This initiative will localise the battery supply chain, making it more robust and responsive to the needs of the growing electric commercial vehicle market in North America.鈥
Battery-cell production from the facility is expected to create 2,000 manufacturing jobs when it opens in 2027.
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