Cummins Invests In Sion Power To Develop Lithium Metal Technology
11/30/21, 12:30 PM
Location
tucsonIndustry
renewables & environment
Cummins Inc. (NYSE: CMI) has entered into an agreement with Sion Power Corporation, a leading developer of high-energy rechargeable battery technology, to design and supply battery cells based on their proprietary lithium metal technology for commercial vehicle applications. In connection with the agreement, Cummins has made an investment in Sion Power. The investment provides Cummins a minority stake in Sion Power, allows Sion Power to further develop their lithium metal technology for the commercial vehicle market, and positions both companies for success in the future commercialization of the technology.
Company Info
Location
tucson, arizona, united states
Additional Info
With a long history in rechargeable batteries, Sion Power is advancing the industry with its advanced Licerion® technology. Licerion is an advanced approach to lithium metal technology containing twice the energy in the same size and weight battery as traditional lithium-ion, making it ideal for e-mobility. Headquartered in Tucson, Arizona, Sion Power is a privately held vertically integrated company with over 100 employees and nearly 500 patents issued and pending. Visit us on the web at www.sionpower.com.