Mississippi Approves Incentives for Joint Venture EV Battery Factory

Accelera, Cummins, Daimler, PACCAR, and EVE Energy to Invest $1.9 Billion, Creating 2,000 Jobs

Mississippi lawmakers have approved state incentives for a factory that will manufacture batteries for electric vehicles, promising 2,000 jobs with an average salary of about $66,000.
The factory is a joint venture between Accelera by Cummins, Daimler Truck, and PACCAR, each owning 30% of the project, with China-based lithium battery maker, EVE Energy Co., Ltd., owning 10%.
The companies intend to invest about $1.9 billion for the plant in Marshall County, near the Tennessee state line, marking the second-largest corporate investment in Mississippi history.
The factory is set to produce battery cells for commercial electric vehicles, focusing primarily on the highly sought-after lithium iron phosphate (LFP) battery technology.
The 21-gigawatt hour factory is scheduled to begin producing battery cells in 2027.