Cummins acquires Johnson Matthey Battery Systems
After the presentation of its new electric truck and the takeover of the battery producer Brammo, the US motor producer Cummins has announced yet another strategic takeover: Johnson Matthey Battery Systems.
After a year of much growth, Cummins, which was previously mainly known for producing diesel motors, has announced further plans to strategically switch their production models to more renewable and enduring designs. Cummins announced its plan to purchase the British battery production capacities of Johnson Matthey specializing on electric and hybrid vehicles.
As part of the agreement, both manufacturers Cummins and Johnson Matthey have agreed to cooperate for the development of enhanced lithium nickel oxide (eLNO) high energy battery systems. After having consolidated the low-voltage battery packs for mobile and stationary applications through Brammo in late 2017, this addition of high-voltage battery system expertise enables Cummins to address the whole spectrum of energy storage options.