Cummins to Build $3 Billion Battery Plant With Chinese Help (2)

Cummins Inc., the Indiana-based diesel and natural gas engine manufacturer, will partner with two truck manufacturers and China’s EVE Energy Co. to build a battery plant in the US.

Cummins, Daimler Truck Holding AG and Paccar Inc. expect to invest $2 billion to $3 billion in the joint-venture factory, the companies said Wednesday. The three firms will each own 30% of the venture, while EVE Energy will hold 10% as their technology partner.

With electric cars becoming more widespread, battery-powered trucks are next in line as part of global efforts to reduce emissions from the transport sector. But the cost ...