Tesla acquires ultracapacitor and battery manufacturer for over $200 million

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According to (This article and its images were originally posted on Electrek February 4, 2019 at 08:54AM.)

Tesla hasn’t been known for making many acquisitions, but we now learn that it has reached an agreement to acquire ultracapacitor and battery component manufacturer Maxwell based in California.

It’s the automaker’s 5th important acquisition to date.

The all-stock transaction worth over $200 million has been announced by Maxwell this morning and we reached out to Tesla to confirm the news.

Tesla confirmed that they reached an agreement with the company and commented:

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This article and images were originally posted on [Electrek] February 4, 2019 at 08:54AM. Credit to the original author and Electrek | ESIST.T>G>S Recommended Articles Of The Day.

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