In an effort to one day be able to create its own batteries, Tesla purchased a company named Hibar Systems that specializes in battery technology. Hibar Systems is a company located in Canada that works in automated battery manufacturing for a number of different products, one of which is for electric vehicles. Tesla did not indicate as to when the purchase took place, but first listed Hibar Systems as a subsidiary on October 2nd.
Tesla also previously purchased Maxwell, which was a California-based company that worked on lithium-ion technology. It is clear that Tesla is investing in its ability to create its own batteries in the future. Being able to produce its own batteries would mean Tesla would not have to rely on other companies for production, and the batteries could be customized for Tesla vehicles.
Electric Battery Acquisitions
Tesla Purchased Hibar Systems to Bolster Its Battery Infrastructure
Trend Themes
1. Electric Battery Acquisition - As Tesla expands its acquisition of battery companies, there is an opportunity for other companies to invest in battery technology to stay competitive.
2. Automated Battery Manufacturing - The acquisition of Hibar Systems by Tesla indicates a trend towards automated battery manufacturing with a focus on electric vehicles.
3. Lithium-ion Technology Innovation - Tesla's acquisition of Maxwell suggests that there is potential for companies to innovate in lithium-ion technology in order to stay competitive in the battery industry.
Industry Implications
1. Automotive - As the popularity of electric vehicles continues to grow, there is a disruption potential for the automotive industry to specialize in producing electric vehicle batteries.
2. Technology - The trend towards creating customized batteries for individual vehicles offers an opportunity for technology companies to develop software and interfaces to manage these customizations.
3. Manufacturing - The trend towards automated battery manufacturing for electric vehicles offers an opportunity for manufacturers to specialize in producing more efficient and cost-effective battery manufacturing equipment.