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Friday, 06/02/2023 9:06:26 AM

Friday, June 02, 2023 9:06:26 AM

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CAT—>Premiere player in transition to EVs:

What makes CAT a premiere player in the transition to EVs is not what CAT is doing with the equipment it sells to mining companies. Rather, CAT is a premier player in the transition to EVs because EVs require 6x the volume of mined materials as ICEs, which will greatly increase the demand for CAT’s heavy-duty mining equipment.

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