Komatsu and Volvo scramble for batteries as electric transition looms

Construction equipment makers join fray with acquisitions to bring tech in-house

20231120N Komatsu

Komatsu is launching four electric excavator models this fiscal year. (Photo by Luc Hilderson)

ARATA SHIGENO, Nikkei staff writer

TOKYO -- Major construction equipment companies are using acquisitions to secure battery supplies, preparing for an electric pivot as the industry faces mounting pressure to decarbonize.

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