PEORIA (dpa-AFX) - Caterpillar Inc. (CAT), a construction and mining equipment manufacturer, Monday said that it has entered into an electrification strategic agreement with CRH, a building material solutions provider, for deployment of 70 to 100 ton-class battery electric off-highway trucks and charging solutions at CRH site in North America.
Under the agreement, CRH will join Caterpillar's early learner program to study about battery electric off-highway trucks and test its real-world applications.
The company said that it plans to expand its electrification solutions beyond mining through this agreement.
Currently, Caterpillar's stock is moving down 0.48 percent, to $287.64 on the New York Stock Exchange.
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