cummins

LFP battery cells manufacturer EVE Energy, from China, is set to serve as the technology partner in the joint venture with 10% ownership. The partners states they “will initially focus on the lithium-iron-phosphate (LFP) battery technology family for commercial battery-electric trucks“.

“Achieving zero-carbon requires collaboration and joint innovation. Cummins has long-term partnerships with its Chinese customers which allows us to fully understand their business requirements and sustainability goals", stated Jason Wang, Cummins VP & General Manager of EBU China opening a Technolo...

Both a components supplier and integrator, Accelera is decarbonizing applications like buses, trucks, trains, construction equipment, stationary power and carbon intense industrial processes. Amy Davis, who has led the New Power business unit since 2020, will serve as President of Accelera.

With output capabilities of 430 kW continuous power, the integrated 17Xe ePowertrain will power heavy-duty trucks and buses in 6x2 or 4x2 configurations. It is available in a range of ratios and with three-speed transmission capabilities.

Based on its current forecast, Cummins projects full year 2023 revenues to be up 12 to 17%, and EBITDA to be in the range of 14.5 and 15.2% of sales. The company plans to continue to generate strong operating cash flow and returns for shareholders.

Jonathan Wood, Vice President of New Power Engineering at Cummins, will succeed Jim Fier as Chief Technical Officer, effective April 1. Fier has decided to retire at the end of March 2023 after a 36-year career with the company.