Truck battery joint venture locating $1.9 billion factory in Marshall County, creating 2,000 quality jobs
Project represents the largest payroll commitment of any major project in state history
JACKSON, Miss. (Jan. 18, 2024) – A joint venture between Accelera by Cummins, the zero-emissions business unit of Cummins Inc., Daimler Trucks & Buses and PACCAR, is locating advanced battery cell production operations in Marshall County. The project represents a corporate investment of at least $1.9 billion and will create 2,000 jobs with an average annual salary of approximately $66,000.
The economic development project represents the largest payroll commitment of any major project in Mississippi history. Additionally, at $1.9 billion, this is the second largest economic development project in state history.
Accelera, Daimler Truck and PACCAR each own 30% of, and jointly control, the joint venture. EVE Energy will serve as the technology partner in the joint venture with 10% ownership. The joint venture aims to accelerate and localize battery cell production and the battery supply chain in the U.S. The company will manufacture battery cells for electric commercial vehicles and industrial applications, creating quality manufacturing jobs in the growing clean technology sector.
The to-be-named joint venture’s 21-gigawatt facility will be located on a portion of the Chickasaw Trails Industrial Park Megasite near Byhalia.
Mississippi Major Economic Impact Authority funds will be used to assist with infrastructure needs, site preparation and tax credits.
“I can’t imagine a better way to kick off the new year than with the announcement of the largest payroll commitment and the second largest capital investment in Mississippi’s history. This historic investment by these industry-leading companies will enshrine our state at the forefront of the automotive industry for years to come and create 2,000 good-paying jobs in the process. Today’s announcement further demonstrates to the world that Mississippi is a top destination for business.” – Gov. Tate Reeves
“It’s a win to land one world-class automotive brand, but to land three of the world’s automotive leaders and to secure this $1.9 billion economic development project serves as a remarkable testament to the power of collaboration and the state’s commitment to bringing family-sustaining, high-tech careers to the people of Mississippi. MDA thanks Accelera by Cummins, Daimler Trucks & Buses and PACCAR for choosing Marshall County as the location of this new battery cell production facility, and we look forward to the positive economic impacts it will have on the region and the world-changing technology it will create that will shape the future of mobility and industrial processes.” – MDA Executive Director Bill Cork
“Marshall County, Mississippi, is thrilled to welcome Accelera by Cummins, Daimler Trucks & Buses and PACCAR to our great state. Marshall County is committed to economic development and appreciates the partnership of the Mississippi Development Authority and the state of Mississippi on this great project. This project will provide quality career opportunities for our residents for decades to come.” – Keith Taylor, President, Marshall County Board of Supervisors
About Mississippi Development Authority
Mississippi Development Authority is the state’s lead economic and community development agency. MDA focuses on new business recruitment, existing business expansion, workforce training, and tourism promotion. For more information, visit MDA’s website at mississippi.org.