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The acquisition, which was made at a purchase price of $210 million before adjustment for inventory level at closing and was first announced in November, includes a development center for battery modules and packs in California and an assembly factory in Greer, S.C.

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Accelera Joint Venture to Advance Battery-Cell Production in U.S.

The lithium-iron-phosphate battery technology, produced by Cummins, Daimler Trucks, and Paccar, will be able to offer several advantages compared to other battery chemistries, including lower cost, longer life, and enhanced safety, according to the companies.

Proterra Batteries to Power Vicinity Electric Transit Buses

Under a new, multi-year supply agreement, Proterra battery systems will power the Vicinity Lightning 28-foot electric transit bus and Vicinity’s strip chassis platform to support several commercial vehicle configurations such as shuttle buses, utility trucks, and box trucks.

Proterra Announces New EV Battery Factory in South Carolina

The company has committed to a minimum investment of at least $76 million, with additional investments planned over the next several years, and expects to create more than 200 new jobs over the next several years at the 327,000 square foot battery system production plant.

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