On February 23, 2021, Stuttgart, Germany/Columbus, Indiana, USA, Daimler Truck AG (Damler Truck AG) and independent engine manufacturer Cummins (New York Stock Exchange code: CMI) jointly announced that the two parties have signed a memorandum of understanding. Establish a global strategic partnership for China Horsepower Engine Systems, and evaluate other cooperation opportunities.
As part of the strategic partnership plan, Cummins will further invest in the development of mid-horsepower engine systems for Daimler trucks and buses. After 2025, it will produce and equip Daimler trucks and buses globally. Equipped with a medium horsepower engine.
Martin Daum, Chairman of the Daimler Trucks Management Committee and member of the Daimler Management Committee, said: "Daimler Trucks and Cummins signed a memorandum of understanding, which will make the engine production at the Mannheim plant more suitable for future development needs, while further enhancing Our competitiveness. The conversion to Euro 7 emission standards means that we need to invest a lot of resources to further develop our own mid-horsepower engines. Now through cooperation with Cummins, we can release these resources for the development of key technologies and ensure that the company is in the industry Long-term success can be achieved in the transformation process."
