Teslas acquisition of Canadian battery manufacturer Haiba or paving the way for its own batteries

category:Finance
 Teslas acquisition of Canadian battery manufacturer Haiba or paving the way for its own batteries


Canadian Tesla Motor Co. lists Haiba as a subsidiary company

Headquartered in Ontario, Canada, Haiba also has factories in Ningbo, Zhejiang and Foshan, Guangdong. According to the website of China Branch, Haibas main products are precision metering pump, injection system and battery manufacturing system, and it is an important supplier of primary and secondary battery production lines. The main business is to provide professional equipment for all aspects of battery manufacturing, including lithium ion batteries for hybrid electric vehicles, laptops and similar products.

Haiba China Branch Website

In May, Tesla bought Maxwell Technologies, an American power battery maker, in exchange for $235 million in stock. The companys core technology is dry battery electrode technology, which can significantly improve the endurance of electric vehicles and reduce their costs.

It is understood that Teslas power batteries are currently supplied exclusively by Panasonic Group. Since July 2014, the two sides signed a super factory agreement and jointly built a plant, but the relationship has become increasingly tense.

The Wall Street Journal quoted Panasonic sources as saying that the companys relationship with Tesla was in a turbulent state.

Source: Responsible Editor of Pengmei News Network: Zhong Qiming_NF5619