Caterpillar invests in Lithos Energy to support battery pack development and manufacturing
The iconic yellow machine is going green. Heavy-duty vehicle OEM Caterpillar has invested in Lithos Energy, a California-based producer of lithium-ion battery packs. Lithos specializes in shock-resistant and high-performance battery solutions for applications including off-road and marine.
Caterpillar has been developing its line-up of hybrid and full-electric machines and power generation products for some time. The company recently displayed prototypes of electric construction machines and batteries at the bauma trade show in Munich, and successfully demonstrated its first battery-electric 793 large mining truck at its Tucson Proving Ground in Arizona.
“Caterpillar’s collaboration with Lithos supports our commitment to delivering robust electrified products and solutions for our customers,” said Joe Creed, Group President of Caterpillar’s Energy & Transportation segment. “Cat equipment—regardless of its power source—is designed to operate in the most demanding conditions. Lithos’s experience manufacturing battery packs for similarly demanding environments will be an asset as we continue our electrified product development.”
“Caterpillar’s forward thinking, commitment to electrification and leadership position on the global stage for equipment manufacturers make this an ideal match,” said Lithos CEO James Meredith. “This funding will enable Lithos to accelerate technology development and scale up manufacturing capacity.”
Source: Battery Tech Hub