İstanbul Kalkınma Ajansı

Türkiye Cumhuriyeti Kalkınma Bakanlığı

Cummins acquires Johnson Matthey’s automotive battery business

Johnson MattheyEngine builder Cummins has acquired Johnson Matthey’s UK automotive battery systems business, a subsidiary that specializes in high-voltage battery systems for electric and hybrid vehicles. Cummins and Johnson Matthey also agreed to collaborate on the development of battery materials for commercial heavy-duty applications.
Last October, Cummins acquired Brammo, which is known for designing and developing low-voltage battery packs. The addition of Johnson Matthey’s high-voltage battery expertise gives Cummins capabilities across the entire range of energy storage options.
“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 Cummins CEO Tom Linebarger. “By combining our electrification capabilities, portfolio of diverse power solutions, and global network, Cummins is uniquely positioned to lead in electrification.”
“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,” said Robert MacLeod, Chief Executive, Johnson Matthey.
 
SEE ALSO: Cummins unveils electric Class 7 truck

 
Source: Cummins via Green Car Congress