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Electric Battery Acquisitions

Tesla Purchased Hibar Systems to Bolster Its Battery Infrastructure

— October 8, 2019 — Autos
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.
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