Cummins Charging Ahead on Electric Tech
COLUMBUS - Columbus-based Cummins Inc. (NYSE: CMI) is continuing a push toward more electric and hybrid-powered technology. The manufacturer has announced an agreement with KAMAZ PTC, a Russian industrial and commercial vehicle company, on bus and truck production. Thursday's announcement comes on the heels of Cummins showcasing an array of its electric and hybrid vehicle tech at high profile industry events in Germany.
Cummins and KAMAZ have partnered on engine technology through a joint venture for more than a decade. The companies' existing, 50/50 joint venture, Cummins KAMA, has involved production of Cummins ISB series engines since 2006 and ISL series engines since 2017.
Cummins Chief Executive Officer Tom Linebarger says "KAMAZ brings a proven electrified portfolio, which will broaden the range, and increase the reliability, of our electrified power systems as Cummins continues to bring the right solutions to our customers at the right time." The new memorandum of understanding will help Cummins tap into KAMAZ's ongoing development of a portfolio of battery-powered vehicles and will result in Cummins developing and supplying prototype powertrains to KAMAZ for city bus, medium-range delivery truck and heavy-duty truck applications.
You can connect to more about the memorandum of understanding by clicking here. In May, Cummins detailed a low-emission vehicle tech partnership in Canada and shortly after, announced the acquisition of a Silicon Valley-based electric and hybrid vehicle business as one piece of a $500 million focus on electrification technology over three years. Last year, it announced a partnership involving electric buses in California, it acquired another battery tech company from Oregon and in January, it added the automotive battery systems business of United Kingdom-based Johnson Matthey. Cummins also unveiled an all-electric, class 7 hauler it will use for demonstration purposes during an event last August. Prior to the unveiling, Linebarger discussed how the company is positioning itself to capitalize on emerging technology.