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Cummins, Daimler Truck, PACCAR pick Mississippi for battery cell production

(Reuters) - Accelera, a zero-emissions business unit of Cummins, Daimler Trucks & Buses US Holding, and PACCAR, on Thursday picked Marshall County, Mississippi as the site for advanced battery cell manufacturing in the United States.

Last year, the three companies had come together for battery cell production in the United States for commercial electric vehicles, with each owning about 30% in the joint venture.

The 21-gigawatt hour factory is expected to start producing battery cells in 2027.

It is expected to create more than 2,000 manufacturing jobs with an option for further expansion as demand grows.

More companies are rushing to set up manufacturing facilities in the United States to take advantage of the federal subsidies offered amid strong demand for lithium iron phosphate (LFP) battery technology from companies such as Tesla, Toyota Motor, Ford Motor and Hyundai Motor.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Maju Samuel)