Elon Musk Says Tesla’s Acquisition of Maxwell Will Have ‘Very Big Impact’ on EV Batteries

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Elon Musk Says Tesla’s Acquisition of Maxwell Will Have ‘Very Big Impact’ on EV Batteries

Tesla CEO announced that the acquisition of the San Diego-based ultracapacitor and battery company Maxwell for over $200 million might bring the company new developments in battery technologies.

Musk has confirmed that Tesla is not very interested in ultra-capacitors for its cars, even though several analysts had mulled integrating Maxwell’s ultra-capacitor business into the company. Instead, the billionaire shed some light on Tesla’s plans and said that it was excited about the company’s battery technology, including its dry electrode product, as part of the acquisition.

A more detailed plan of how the company will be working on its own battery cells is likely to be announced at Tesla’s ‘Battery and Powertrain day’, which Musk now says should happen in “a few months.”

Sourse: sputniknews.com

Elon Musk Says Tesla’s Acquisition of Maxwell Will Have ‘Very Big Impact’ on EV Batteries

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