News Release:
Cummins Inc. Moves Towards A Better Future In Automotives
BusinessWire Reports On The Engineers Behind The Scenes Of The Glitz And Glamour Of Your Vehicle At Companies Cummins & Johnson Matthey, Working Hard To Expand Electrification and Energy Storage Capabilities.
Editor's Note: This news item was retrieved through BusinessWire's website via Google.
Cummins Inc. has recently acquired Johnson Matthey's U.K. automotive battery systems business. As part of the acquisition, Cummins and Johnson Matthey have agreed to collaborate on the development of high energy battery materials for commercial heavy duty applications and enhanced performance. This could mean advancements for modern inventory of recreational vehicles, other heavy duty vehicles, hybrid vehicles, vans and trucks. The acquisition of the automotive battery systems business allows Cummins to expand its electrification and energy storage capabilities in its efforts to be a global leader in electrified power.
According to the press release, Johnson Matthey is able to focus on developing high energy battery materials, including its class-leading enhanced lithium nickel oxide (eLNO) product, for transport applications within its overall technology portfolio. The parties intend to collaborate on the development of new products with enhanced performance characteristics for commercial applications relying on the unique and deep expertise of each company. “The addition of Johnson Matthey Battery Systems’ technical expertise and customer base in markets that are more rapidly adopting electrification further positions us as a global energy storage supplier,” said Tom Linebarger, Chairman and CEO, Cummins Inc. “By combining our electrification capabilities, portfolio of diverse power and energy solutions, and global network, Cummins is uniquely positioned to lead in electrification. What differentiates us is our ability to help customers succeed with high quality products across the spectrum of power solutions they use, whether it’s electric, diesel, natural gas or other energy solutions.” “This collaboration with Cummins is an important step for us”, said Robert MacLeod, Chief Executive, Johnson Matthey. “It will enable us to grow our position in high energy battery materials, particularly for heavy duty applications, and apply our chemistry expertise to develop new products that will give our customers, and ultimately consumers, the performance they demand from electrically powered vehicles. In divesting our automotive battery systems business to Cummins we can focus on our strategy of expanding our eLNO platform and developing commercial battery materials for the full range of transport applications.”
For the full press release click here.
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