Save for later Print Download Share LinkedIn Twitter In the latest signal that battery production is growing more geographically diverse, Chinese electric vehicle battery manufacturer Eve Energy says it will set up a joint venture (JV) in the US with three American companies — Electrified Power, Daimler Trucks and Buses US and Paccar — with an investment cap of $2.64 billion. The partners will focus on producing lithium-iron-phosphate batteries for commercial battery-electric trucks in North America, with an annual capacity of 21 GWh. The three American companies also plan to purchase all or most of the products produced via the JV.
