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Tesla acquires Canadian battery specialist, Hibar Systems
Ontario-based company brings specialist battery manufacturing expertise to global EV giant amid talk of “Tesla’s secret battery lab”.
Tesla Inc. is expanding into Canada with the purchase of a Richmond Hill, Ont., company specializing in battery manufacturing, Hibar Systems Ltd.
The quiet purchase — not previously reported — happened between July and October of this year, public records show.
The acquisition comes at a pivotal time for Tesla, as the Palo Alto, Calif.-based electric carmaker is known to be ramping up its own battery manufacturing efforts. That work has another Canadian connection — a five-year research agreement with Jeff Dahn, a Dalhousie University physicist and global research leader in lithium-ion batteries.
Read more on electricautonomy.ca