Inc. (NYSE: CMI) is working with Sion Power Corporation, a high-energy rechargeable technology developer, to design and supply cells based on their proprietary lithium metal technology for commercial applications.
According to a release, technology for the commercial market and positions both companies for success in the future commercialization of the technology.has also invested in Sion Power in connection with the agreement. The investment provides a minority stake in Sion Power; it also allows Sion Power to further develop their lithium metal
Under the agreement, Sion Power will engage in a multi-year development program to design and supply large-format lithium metal cells for use in packs. The batteries developed by will be integrated into its electric powertrains for commercial .
“Our customers rely onto provide the most robust electric powertrains in the world,” said Amy Davis, vice president at and president of the company’s New Power segment. “We need technologies that will meet the performance and cost expectations for tough, commercial duty cycles.”
Sion Power’s high-energychemistry is a vital component of ’ roadmap to electrify the company’s commercial products. Based on Sion Power’s proprietary lithium-metal anode technology and incorporating its patented process, the cell provides a robust, long-lasting rechargeable for ’ demanding applications.
“Sion Power’s Licerion is an enabling technology for’ future electric commercial offerings,” said Tracy Kelley, chief executive officer at Sion Power. “ is an ideal partner for Sion Power to enable this next generation of electric mobility and significantly support the decarbonization of the transportation industry. Together this strategic relationship sets us on a path to deliver the future of batteries.”
Indiana (U.S.), since its founding in 1919, employs approximately 57,800 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment, and equality of opportunity. serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of locations worldwide and earned about $1.8 billion on sales of $19.8 billion in 2020. Learn more at cummins.com.Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, after treatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, power systems, hydrogen generation, and fuel cell products. Headquartered in Columbus,
About Sion Power
Sion Power advances the rechargeableindustry with its Licerion technology. Licerion is an advanced approach to lithium-metal batteries containing twice the energy in the same size and weight than a traditional lithium-ion . At up to 500 Wh/kg, Licerion batteries are produced at scale in large-format cells. As a result, Licerion batteries can significantly enhance the performance of commercial and consumer electric . Visit Sion Power on the web at www.sionpower.com or follow on LinkedIn.