Cummins, the Queen of Diesel Engines, Is Going Electric | CMI Message Board Posts


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Msg  23 of 32  at  1/20/2022 5:18:04 PM  by

jerrykrause


Cummins, the Queen of Diesel Engines, Is Going Electric

Cummins, the Queen of Diesel Engines, Is Going Electric
 

If you can't beat 'em, join 'em.

That appears to be the approach the diesel- engine maker Cummins (ticker: CMI) is taking toward disruptive technologies including hydrogen and battery- powered heavy-duty trucks. Thursday, Cummins said it would create a battery-powered truck prototype with Isuzu Motors (7202. Japan), a Japanese truck manufacturer.

The truck will be a medium-duty vehicle, meaning it will be roughly the size of a garbage truck. It will be powered by Cummins electric powertrain technologies.

"We are excited to be working with Isuzu to accelerate decarbonization within the partnership," said Amy Davis , president of New Power at Cummins, in a news release. "It's through our joint commitment in innovation that we provide our customers with safe, reliable zero-emissions solutions." The companies have been working together since 2019 .

Cummins is taking bold steps to ensure it has a future in a zero-carbon world. The company is synonymous with the highest-performing diesel engines that power the biggest trucks on the highway.

Companies working on battery and fuel-cell technologies want to take market share from diesel, but diesel engines are likely to power heavy-duty trucks for a long time. They could be around longer than gasoline engines power cars.

Batteries tend to be heavy, limiting cargo capacity and range for semi-trucks that need to travel hundreds of miles every day as they roll across the country. And the hydrogen gas needed to power hydrogen fuel cells is still far more expensive than diesel fuel. The widespread adoption of hydrogen tech will depend on costs falling.

Still, Cummins isn't sitting on its laurels. The company is investing in hydrogen technology , and Thursday's news represents a further embrace of batteries. The prototype vehicle will show up in truck fleets in 2022.

Cummins stock was down 0.8% in early trading Thursday, while the S&P 500 and Dow Jones Industrial Average had risen 0.9% and 0.8%, respectively. Isuzu stock was up about 0.1% in overseas trading.

 


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