Tesla Inc (NASDAQ:TSLA) has been beaten to the launch of a battery-powered commercial truck by Cummins Inc (NYSE:CMI) .
The NYSE listed firm - a leading maker of diesel and natural gas engines for commercial trucks – has unveiled a heavy-duty truck cab featuring an advanced 140 kWh battery pack that it will start selling from 2019.
With a 100-mile range, the Cummins electric power train is being targeted at urban delivery vehicles, although it can be recharged in about an hour at a charging station.
Cummins is to supply a fully integrated battery electronics system, buying the cells from an unnamed provider, with production to begin in 2019.
Cummins' announcement comes a few weeks ahead of electric vehicle giant Tesla's planned launch of an electric truck Tesla makes its own battery cells at factory in Nevada.
Tesla shares added 1.68% in New York on the day to $353.18.