Tesla reportedly bought a company that specializes in high-speed battery manufacturing

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Tesla reportedly acquired Hibar Systems, which specializes in high-speed battery manufacturing for electric vehicles.

Tesla has reportedly acquired Hibar Systems, which specializes in high-speed battery manufacturing for electric vehicles.SpaceX owner and Tesla CEO Elon Musk gestures during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019.

Tesla has quietly acquired Hibar Systems, a company that specializes in high-speed battery manufacturing systems for electric vehicles, according to Canadian news siteIt's unclear when the deal took place, but Tesla lists Hibar as a subsidiary in an Oct. 2 filing with the Canadian government, Electric Autonomy reported. Additionally, Hibar's website has been updated to a single page in recent months.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

These Tesla acquisitions are uncannily similar to acquisitions by Apple Inc over the years to strengthen their expertise in SoC design. Sounds familiar, right?

Yeah, they own 80% of the EV market. Only makes sense to make their own batteries

CONSIDER this, if you could save $2000 each year on fuel and help the planet, would you?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines