CHINA REPORT
ACT Company (AMPLIFY CELL TECHNOLOGIES LLC ), a Chinese a joint venture company, has broken ground for a battery production plant in Mississippi.
ACT Company was established by EVE Energy’s wholly owned subsidiary EVE Energy US, Cummins, Daimler Trucks, and Paccar. The joint venture will produce prismatic lithium iron phosphate batteries, mainly for designated North American commercial vehicle applications. It will have an annual production capacity of about 21GWh and will provide more than 2,000 local jobs.
The project is expected to start shipping in 2026, and the three foreign enterprises and their affiliates will become the main customers, purchasing most of the products from the factory.
ACT Company is the first project of EVE Energy’s CLS model, aiming to enhance the flexibility and competitiveness in the global cooperation process, and to work with more partners to jointly promote sustainable development. The successful beginning of this project marks the entry of EVE Energy into a new stage of global development.
EVE Energy, a global all-scenario lithium battery platform company, is working to create a cross-border network through the CLS global cooperation business model to strengthen the global industrial chain and promote technological innovation.
Source: Sohu Read The Article
PSR Analysis: The joint venture composed of EVE, Daimler, Cummins, and PACCAR, may create a win-win situation for all parties involved. The backgrounds and business fields of the investing companies cover the entire industrial chain of commercial vehicles, ensuring that the products produced in the new plant can be quickly introduced to the North American market. The batteries produced by ACT Company will be built mainly for the North American commercial vehicle sector.
The strategic cooperation between the parties is expected to yield multiple benefits, including reducing product development and production costs. At the same time, the partners (and their affiliates) will become the main customers of the joint venture and will purchase all or most of the products.
The CLS model, which stands for “Cooperation” (joint research and development), “License” (technology licensing), and “Service” (service support), has become the fifth major strategic sector of EVE Energy. It complements the existing battery business and industrial collaboration while also offering significant flexibility, providing room for further cooperation.
EVE Energy is the first Chinese battery company to build a battery factory in the United States through a joint venture. Previously, CATL (Contemporary Amperex Technology Co. Limited) cooperated with Ford Motor Company through a technology licensing agreement, while Gotion High-Tech is planning to invest in the construction of a battery material factory in Michigan through its subsidiary. This will further promote the progress of electric vehicles in North America. PSR
Jack Hao is Senior Research Manager – China for Power Systems Research
