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)

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