Mexican Media Brands
Daimler Invests $100 Million in Calif. Battery Developer
Daimler AG reportedly has spent $100 million to acquire a 10% stake in a California-based developer of next-generation battery technologies.
#economics #hybrid
Share
Daimler AG reportedly has spent $100 million to acquire a 10% stake in a California-based developer of next-generation battery technologies.
The investment is part of a $170 million funding round that values 8-year-old Sila Nanotechnologies Inc. at more than $1 billion, the Financial Times reports. The company’s founder-CEO is Gene Berdichevsky, a very early employee of Tesla Inc.
Daimler, which describes Sila Nano’s technology as “very promising,” says it will gain a seat on Sila Nano’s board.
Sila has developed a silicon-based material to replace the usual graphite in a battery’s anode, cutting costs and boosting the amount of energy a battery can store by about 20%, according to the company. It also claims its material is compatible with existing lithium-ion battery designs, making adoption easier.
Sila already has agreements to supply its battery material to BMW and Daimler.
RELATED CONTENT
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
The Koenigsegg Jesko Has An Amazing Engine
It is hard to believe that this is a vehicle in “serial” production with such extraordinary powertrain performance
