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Cummins (CMI) Secures $75M Grant to Transform Indiana Facility
CMICummins(CMI) ZACKS·2024-07-16 23:10

CMI will match the grant, investing an additional $75 million, making a total of $150 million to transform the space and increase production of battery packs, powertrain systems and other battery-electric vehicle (BEV) components for Accelera by Cummins, its zero-emissions division. This expansion is expected to create approximately 250 full-time jobs, with opportunities for the existing employees to transition into these new roles over time. The escalating R&D and engineering expenses on the Accelera segme ...