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Accelera by Cummins, Daimler Truck and PACCAR complete battery Joint Venture transaction to form amplify cell technologies and name New CEO

Accelera by Cummins, Daimler Trucks & Buses US Holding LLC and PACCAR have completed the formation of their joint venture, now known as Amplify Cell Technologies, to localize battery cell production and the battery supply chain in the United States. This strategic collaboration will advance zero-emissions technology for electric commercial …

Mitsubishi Electric and Aisin to launch EV parts joint venture

Mitsubishi Electric and auto parts supplier Aisin plan to set up a joint venture for electric and hybrid vehicle components, leveraging their combined scale for more efficient research and development as price competition intensifies. The company, to be majority owned by Mitsubishi Electric, will develop and produce components such as energy-saving …

BYD’s sodium battery joint venture formed

BYD’s  sodium-ion battery joint venture has been set up as the new energy vehicle (NEV) and power battery giant pushes for the commercialization of lower-cost batteries. Huaihai FinDreams Sodium Battery Technology (Xuzhou) Co Ltd was incorporated on April 30 in Xuzhou, Jiangsu province in eastern China, according to data provider …

Panasonic Energy enters discussions with IndianOil Over Framework for formation of joint venture to manufacture cylindrical lithium-ion batteries in India

Panasonic Energy Co., Ltd., a Panasonic Group Company, has announced it has signed a binding term sheet and initiated discussions with Indian Oil Corporation Limited (“IndianOil”; New Delhi) to draw a framework for formation of a joint venture to manufacture cylindrical lithium–ion batteries. This initiative is driven by the anticipated …

Mitsubishi Corporation, Mitsubishi Fuso Truck and Bus, and Mitsubishi Motors will jointly establish a new company to run an online platform providing comprehensive EV related services

Mitsubishi Corporation, Mitsubishi Fuso Truck and Bus Corporation, and Mitsubishi Motors Corporation aim to jointly establish a new company “EVNION Inc.” in June 2024 , to operate an online platform to provide one-stop services relating to electric vehicles (EV).  Such establishment of EVNION will be subject to receipt of regulatory …