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Home Market dynamics

Tesla acquires Canadian battery production equipment maker Hibar Systems to accelerate its push into self-produced batteries

Author: Mash Yang
2019-10-06
in Market dynamics, Life, Laptop, observe
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Displayed in related file contentsTesla has quietly acquired Hibar Systems, a Canadian company specializing in battery manufacturing equipment and engineering technology, in an effort to potentially strengthen its own battery manufacturing capabilities.

Tesla acquires Canadian battery production equipment maker Hibar Systems to accelerate its push into self-produced batteries

Hibar Systems' primary business involves manufacturing battery production equipment for products such as hybrid vehicles and laptops. Hibar Systems not only maintains production facilities in the United States, but also in Europe, South Korea, Japan, Malaysia, and China.

The rumored acquisition by Tesla indicates that it will give Tesla greater capacity to produce its own battery products, thereby reducing its reliance on battery manufacturers including Panasonic.

Prior to this, Tesla had confirmed the acquisition of battery technology company Maxwell for US$2.18 million, and also hinted that it would produce battery products on its own to reduce the demand for external battery supply and make vehicle costs easier to control.

In recent external job recruitment, Tesla revealed that it will build a new battery production line in Fremont, California, and also plans to recruit battery technology talents in Colorado, indicating that Tesla is indeed preparing to produce batteries for electric vehicles and even apply them to more of its power storage equipment.

Tags: Hibar SystemsTeslaelectric car
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Mash Yang

Mash Yang

Founder and editor of mashdigi.com, and student of technology journalism.

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