STOCK TITAN

Accelera Battery System to Power BMC Otomotiv Electric Transit Buses in Europe

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Accelera by Cummins, a zero-emissions business segment of Cummins Inc., is collaborating with BMC Otomotiv to provide battery solutions for their transit bus operations in Europe, marking the first use of the BP97E battery pack in the region. The high-energy-density battery pack offers up to 97 kWh storage capacity, allowing for efficient and reliable transportation while promoting sustainability. The project is set to deliver batteries in the first half of 2024 and buses to customers in 2025.

Positive
  • Collaboration between Accelera by Cummins and BMC Otomotiv to provide innovative battery solutions for transit buses in Europe.

  • Introduction of the BP97E battery pack in Europe, offering up to 97 kWh storage capacity for weight-sensitive applications.

  • Flexibility in energy levels with a six-pack battery configuration to cater to specific needs of transit agencies and promote sustainability.

  • Expansion of Accelera's battery-electric offerings to new regions around the world, showcasing the company's commitment to zero-emissions technologies.

Negative
  • Potential challenges in meeting delivery timelines for batteries by the first half of 2024 and buses to customers in 2025.

  • Possibility of facing competition from other battery manufacturers in the European market for transit buses.

COLUMBUS, Ind.--(BUSINESS WIRE)-- Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. [NYSE: CMI], is collaborating with BMC Otomotiv, a leading manufacturer of buses and trucks in Turkey and throughout Europe, to provide battery solutions for their transit bus operations. The companies have signed a letter of intent (LOI) for Accelera to power BMC’s city buses. This marks the first time the BP97E, Accelera’s latest nickel manganese cobalt (NMC) battery pack, will be used in operation in Europe.

The BP97E is a high-energy-density battery pack and is the latest development in Accelera’s NMC battery platform. Its single-pack storage capacity of up to 97 kWh makes it an effective solution for weight-sensitive applications. Its patented platform design and flexible mounting options make integrating into many types of electric buses and other applications simpler. Transit agencies can tailor the energy level needed to serve their communities through an onboard energy option of up to 582 kWh with a six-pack battery configuration. This will ensure efficient and reliable transportation for passengers while also promoting sustainability.

“The launch of our NMC battery in Turkey and Europe, in collaboration with BMC, is a milestone for Accelera as we expand our battery-electric offerings to new regions around the world,” said Brian Wilson, General Manager of eMobility for Accelera. “Collaborating with BMC to power their electric city buses demonstrates Accelera’s ability to deliver innovative, zero-emissions technologies, and we’re excited to work together to provide sustainable solutions for cities and towns across Europe.”

The city buses will be sold in Turkey, BMC’s domestic market, and will operate throughout Europe. These buses play a crucial role in large cities, which have high-capacity demands. The project is already underway, with the BP97E batteries expected to be delivered in the first half of 2024 and the buses expected to be delivered to customers in 2025.

Accelera's multi-chemistry battery product portfolio includes nickel manganese cobalt (NMC) batteries and lithium iron phosphate (LFP) batteries, which are engineered to suit a variety of electric commercial vehicles and industrial applications.

About Accelera™ by Cummins

Accelera by Cummins provides a diverse portfolio of zero-emissions solutions for the world’s most economically vital industries, empowering them to accelerate the transition to a sustainable future. Accelera, a business segment of Cummins Inc., is both a components supplier and integrator, focused on batteries, hydrogen fuel cells, e-axles, traction motors and inverters, integrated powertrain solutions, and electrolyzers. Accelera currently has operations in North America, across Europe and in China.

Cummins, a global power solutions leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. Headquartered in Columbus, Indiana (U.S.), Cummins employs approximately 75,500 people committed to powering a more prosperous world. It operates a robust distribution and support network in more than 190 countries and territories. Cummins earned about $735 million on sales of $34.1 billion in 2023.

To learn more about Accelera by Cummins, visit accelerazero.com.

Jon Mills

Director – External Communications

317-658-4540

jon.mills@cummins.com

Source: Cummins

FAQ

What is the storage capacity of the BP97E battery pack?

The BP97E battery pack offers a single-pack storage capacity of up to 97 kWh.

When are the BP97E batteries expected to be delivered?

The BP97E batteries are expected to be delivered in the first half of 2024.

When will the buses be delivered to customers?

The buses are expected to be delivered to customers in 2025.

What types of battery chemistries are included in Accelera's product portfolio?

Accelera's product portfolio includes nickel manganese cobalt (NMC) batteries and lithium iron phosphate (LFP) batteries for electric commercial vehicles and industrial applications.

Cummins Inc.

NYSE:CMI

CMI Rankings

CMI Latest News

CMI Stock Data

39.06B
141.12M
0.41%
89.17%
2.01%
Other Engine Equipment Manufacturing
Manufacturing
Link
United States of America
COLUMBUS

About CMI

cummins inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service diesel and natural gas engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. headquartered in columbus, indiana, (usa) cummins currently employs approximately 54,600 people worldwide and serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and approximately 7,200 dealer locations. cummins earned $1.65 billion on sales of $19.2 billion in 2014.