STOCK TITAN

Cummins Collaborates Across Autonomous Vehicle System Providers to Offer Leading Powertrain Solutions

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Cummins Inc. (NYSE: CMI) has announced the launch of new software features designed to integrate its powertrains with Automated Driving System (ADS) technologies. The company is currently testing over 100 vehicles in collaboration with ADS technology firms, aiming to lead the global ADS market. Cummins emphasizes its commitment to advancing autonomous vehicle solutions across various powertrains, including diesel, natural gas, hybrid, and electric. This initiative is backed by Cummins' century-long expertise in power solutions, enhancing its position within the heavy-duty trucking sector.

Positive
  • Launch of new software features integrating powertrains with ADS technologies.
  • Testing over 100 vehicles in partnership with ADS technology companies.
  • Positioning as a market leader in global ADS integration.
Negative
  • None.

COLUMBUS, Ind.--(BUSINESS WIRE)-- Cummins Inc. (NYSE: CMI), a global power technology leader, will be launching a set of software features to integrate its powertrains with Automated Driving System (ADS) technologies.

Cummins is a market leader in delivering powertrains that provide leading performance and fuel economy through the integration of hardware and software. With these new software features, Cummins will extend these core capabilities into the ADS space as well. Cummins is positioned to be a leader in its ADS technologies globally and is actively testing more than 100 vehicles in coordination with ADS technology companies to ensure seamless powertrain integration as ADS solutions enter commercial vehicle markets globally.

“Through 100 years of serving our customers and technological leadership, we are uniquely positioned to support customers in our changing markets and to help them successfully transition to the technologies of the future,” said J Michael Taylor, General Manager of Powertrain Integration for Cummins, Inc. “With our investment in and commitment to autonomous vehicle technologies, Cummins is prepared to support our customers by deploying autonomous vehicle technologies across the full range of powertrains, including advanced diesel, natural gas, hybrid, or fully electric and hydrogen fuel cells.”

“As the world's largest independent engine manufacturer, autonomous vehicle companies are relying on Cummins’ integration expertise and powertrain solutions to design and provide a software solution to accelerate the rate of adoption of autonomous driving software within the heavy duty trucking industry," Taylor added.

Cummins is collaborating with multiple ADS technology companies to refine the solutions for commercial markets in an efficient, safe, smart and successful way. The company is using both its technological expertise and deep experience in global commercial markets globally to bring customers solutions that provide real-time optimization of the job, route and load.

About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 57,800 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment, and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $1.8 billion on sales of $19.8 billion in 2020. Learn more at cummins.com.

Jon Mills

Cummins Inc.

317.658.4540

jon.mills@cummins.com

Source: Cummins Inc.

FAQ

What new software features has Cummins Inc. launched for CMI?

Cummins has launched software features to integrate its powertrains with Automated Driving System (ADS) technologies.

How many vehicles is Cummins testing for ADS technologies?

Cummins is testing over 100 vehicles in collaboration with ADS technology companies.

What types of powertrains will Cummins support with autonomous vehicle technologies?

Cummins will support diesel, natural gas, hybrid, electric, and hydrogen fuel cell powertrains.

What is Cummins' position in the ADS market as of now?

Cummins is positioned to be a leader in ADS technologies on a global scale.

Cummins Inc.

NYSE:CMI

CMI Rankings

CMI Latest News

CMI Stock Data

50.78B
136.49M
0.4%
86.81%
1.23%
Specialty Industrial Machinery
Engines & Turbines
Link
United States of America
COLUMBUS