COLUMBUS, Ind. - Accelera by Cummins [NYSE: CMI], the zero-emissions segment of Cummins Inc (NYSE:CMI)., announced the launch of its latest decarbonizing technologies at the Advanced Clean Transportation (ACT) Expo in Las Vegas today.
The new offerings include updated hydrogen fuel cell engines, a high-efficiency eAxle, and next-generation batteries, aimed at advancing clean transportation.
The updated fuel cell engines, named FCE300 and FCE150, provide increased power density and improved efficiency. The engines are designed with modular architecture to facilitate various applications in mobile and stationary platforms. Alongside, Accelera exhibited a 300kW fuel cell engine and a Navistar (NYSE:NAV) RH (NYSE:RH) International Class 8 heavy-duty truck equipped with dual FCE150 engines and the new eAxle.
The 14Xe, Accelera's latest eAxle, offers enhancements in energy efficiency and is adaptable to increased torque and power demands. The eAxle, which comes with either a 3-speed twin-countershaft or a 2-speed planetary transmission, is paired with the ELFA 3 V3.2 inverter to improve electric drivetrain performance, safety, and cybersecurity. It is suitable for heavy-duty 6x4 applications and medium-duty vehicles, including school buses.
Accelera also introduced the BP104E, a lithium iron phosphate (LFP) battery platform with a 104kWh rated energy capacity and a max voltage range of 830V. The platform is modular, adaptable, and geared towards fast charging and longevity. This battery is set for volume production in 2027 with U.S.-manufactured cells.
These products are part of Accelera's broader range of zero-emissions solutions, which include various battery packs and a high-powered traction motor. The integration-friendly nature of these technologies aims to facilitate the transition to lower-carbon operations.
Cummins, a global leader in power solutions, integrates and supplies components such as batteries, hydrogen fuel cells, e-axles, traction motors, inverters, and electrolyzers through its Accelera business. With a workforce of about 75,500, Cummins reported earnings of approximately $735 million on sales of $34.1 billion in 2023.
This news article is based on a press release statement from Cummins Inc.
InvestingPro Insights
As Cummins Inc. [NYSE: CMI] continues to drive innovation in the zero-emissions technology space with its Accelera by Cummins offerings, the company's financial health and market performance remain a critical aspect for investors. According to InvestingPro data, Cummins boasts a robust market capitalization of $39.06 billion, underlining its significant presence in the industry. The company's Price to Earnings (P/E) ratio stands at 20.81, with an adjusted P/E ratio for the last twelve months as of Q1 2024 at 16.17, suggesting a potentially favorable valuation relative to earnings.
Investors may also take note of Cummins' revenue growth over the last twelve months, which was at 12.85%, indicative of the company's capacity to increase sales in a competitive market. Additionally, the company has demonstrated a solid dividend track record, having maintained dividend payments for 54 consecutive years and raising its dividend for 18 consecutive years, a testament to its financial stability and commitment to shareholder returns.
Among the InvestingPro Tips for Cummins, it's worth highlighting that analysts have revised their earnings upwards for the upcoming period, which could signal confidence in the company's future performance. Furthermore, Cummins is recognized as a prominent player in the Machinery industry, which aligns with its strategic advancements in zero-emissions solutions. For investors seeking more in-depth analysis and additional tips, there are 9 more tips available on InvestingPro for Cummins, which can be accessed through: https://www.investing.com/pro/CMI. To enhance your investing experience, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.