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April 9, 2021
PACCAR announced a five-year supply agreement for battery power systems with Romeo Power, a battery technology company headquartered in Los Angeles. PACCAR will purchase Romeo Power's battery packs and battery management software for heavy-duty battery electric Peterbilt 579EV vehicles and Peterbilt 520EV refuse trucks in North America. PACCAR has become a minority shareholder in Romeo Power as part of the alliance. Production of Peterbilt zero emissions trucks featuring Romeo Power's battery packs is expected to launch in the second half of 2021.
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