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Truck group to build $1.9B Memphis-area battery plant

Trucking Group to Build $1.9B Memphis-Area Battery Plant

Cummins, Daimler Truck and Paccar are joining forces on a massive battery facility just across the Mississippi border from Memphis. The plant will cost $1.9 billion to build, but to offset some of the costs, the Mississippi legislature okayed an incentive package worth $365 million. The operation would produce batteries for medium and heavy-duty commercial electric trucks and industrial applications. It is set to be located in the 3,600-acre Chickasaw Trails Industrial Park near U.S. Hwy. 72, Miss. Hwy. 302, and I-269 in Byhalia, Mississippi.

Work is set to begin this spring or summer, with a targeted launch date of 2027.

The Northeast Mississippi project has a 500-acre footprint at the Chickasaw Trails park. Power would be provided by the Chickasaw Electric Cooperative, which falls under TVA jurisdiction.

Cummins, Daimler Truck, and Paccar would each own 30% of the venture. The remaining 10% is to be owned by a technology partner, EVE Energy.

Connect Industrial Midwest 2024 will take place on March 5, 2024, at Joe’s Live in Rosemont, Illinois. Click here for more information and to register.


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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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