secwatch.observer — SEC 8-K summary
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Issuer:     PACCAR INC (PCAR)
CIK:        0000075362
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0001193125-23-229439
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PACCAR, Cummins, Daimler Truck form JV for US battery cell factory; $2-3B investment
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- Accelera by Cummins, Daimler Truck, PACCAR each own 30%; EVE Energy owns 10% as technology partner.
- Total investment $2-3 billion for a 21 GWh LFP battery cell manufacturing facility in the US.
- Joint venture to produce battery cells for electric commercial vehicles and industrial applications.
- Transaction subject to customary closing conditions and regulatory approvals, including CFIUS review.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75362/000119312523229439/0001193125-23-229439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75362/000119312523229439/d542273d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-229439

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