Caterpillar, which has been forward in its desire to fast-track development of its electrified product line-up, said it is investing in California, U.S.-based battery technology group Lithos Energy, maker of lithium-ion battery packs for various industries.
Lithos specializes in designing, engineering and manufacturing shock resistant and high-performance battery solutions; Cat said its investment will demonstrate its commitment to support customers in the energy transition with lower-carbon advanced power technologies for its hybrid and full-electric machines and power generation products.
“Caterpillar’s collaboration with Lithos supports our commitment to delivering robust electrified products and solutions for our customers,” said Caterpillar Energy and Transportation Group President Joe Creed.
“Cat equipment – regardless of its power source – is designed to operate in the most demanding conditions. Lithos’ experience manufacturing battery packs for similarly demanding environments will be an asset as we continue our electrified product development.”
Lithos CEO James Meredith added: “Caterpillar’s forward thinking, commitment to electrification and leadership position on the global stage for equipment manufacturers make this an ideal match. This funding will enable Lithos to accelerate technology development and scale up manufacturing capacity as we look forward to providing increasingly advanced product offerings to our new and existing customers.”
Underscoring its commitment, Cat recently displayed four electric machine prototypes, including battery-powered units, at bauma in Munich, Germany. It also recently demonstrated its first battery-electric 793 mining truck at its Tucson Proving Ground in Arizona.