Mining equipment giant Caterpillar invests in lithium-ion battery technology company

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Mining equipment giant Caterpillar invests in lithium-ion battery technology company Caterpillar lithiumionbattery

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Caterpillar, the world's leading manufacturer of construction and mining equipment, said that this deal will help to accelerate the development of the company's electrified product portfolio. Headquartered in San Rafael, California, Lithos specializes in designing, engineering and manufacturing shock resistant and high performance battery solutions for applications including off-road and marine.

The company recently displayed four electric construction machine prototypes, including battery prototypes, at bauma 2022 in Munich, Germany and successfully demonstrated its first battery electric 793 large mining truck at its Tucson Proving Ground in Arizona.

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