article thumbnail

Cummins, Daimler, Paccar battery JV picks Mississippi factory site

Baua Electric

The JV announced plans to open its new battery plant in Marshall County, Mississippi. Each of those companies will own 30% of and jointly control the resulting battery business, with the remaining 10% will go to Chinese battery-maker EVE Energy. manufacturing jobs, with the option for further expansion as demand grows.

article thumbnail

Mississippi, 50th place in everything, passes bill to stop EV dealers

Electrek

The Mississippi Senate has passed a bill that will stop electric car companies from opening their own dealerships in the state, ensuring that the state famous for being last place in many rankings of all 50 states remains there.

article thumbnail

Mississippi bill aiming to restrict EV direct sales passes the Senate

Teslarati

Tesla and other electric vehicle makers may find it harder to open new company-owned stores in Mississippi in the future. EV makers today typically sell their electric cars through company-owned stores. He also stated that with the bill in place, Mississippi is sending the wrong message. The bill is now on its way to Gov.

article thumbnail

A $2-3 billion battery factory for electric trucks is headed to Mississippi

Baua Electric

Daimler Trucks, Accelera by Cummins, and truck maker PACCAR will build a huge battery cell factory for electric trucks in Mississippi. The companies have selected Marshall County, Mississippi, southeast of Memphis, for the joint venture’s factory, which will localize battery cell production for commercial electric trucks.

article thumbnail

Nissan to build two all-new, all-electric models at Mississippi assembly plant

Green Car Congress

Nissan’s Canton Vehicle Assembly Plant in Mississippi will become a center for US EV production, including the INFINITI brand. The company is investing $500 million in Nissan Canton to support production of two all-new, all-electric vehicles. Production is expected to begin in 2025.

article thumbnail

ExxonMobil to acquire CCS solutions company Denbury for $4.9B

Green Car Congress

The boards of directors of both companies have unanimously approved the transaction, which is subject to customary regulatory reviews and approvals. It is also subject to approval by Denbury shareholders. The transaction is expected to close in the 4 th quarter of 2023.

Companies 195
article thumbnail

Sinopec purchasing 50% of Chesapeake Energy leasehold in Mississippi Lime unconventional play for $1.02B

Green Car Congress

Chesapeake Energy Corporation and Sinopec International Petroleum Exploration and Production Corporation (Sinopec) executed an agreement which provides for Sinopec to purchase a 50% undivided interest in 850,000 of Chesapeake’s net oil and natural gas leasehold acres in the Mississippi Lime play in northern Oklahoma (425,000 acres net to Sinopec).