Tesla CEO Elon Musk has recently tweeted out that there would be a lot of things to be unveiled come battery day on 9/22 or September 22. Although there is no additional information regarding what will be revealed, there is reason to believe that this could be about its previous acquisition of Hibar.
Searching through the comment section, you will find a reply detailing how Tesla previously acquired Hibar which is a company that makes machines that in turn manufacture batteries. The reply to Elon Musk’s tweet also notes that this should improve their very own ability to actually make batteries and also improve the whole vertical integration Tesla has become famous for.
The reply by a certain Michael Fink notes that this all points to making Tesla batteries both faster and cheaper to produce. There is no reply to this but since there is very little evidence disproving this, it is a viable theory as of the moment.
All the way back on October 7, 2019, an article published by CNBC detailed how Tesla actually acquired Hibar Systems, a particular company that intensely specializes in next-level high-speed battery manufacturing systems for different electric vehicles. The data was revealed by a Canadian news site known as Electric Autonomy.
It is still pretty unclear when the whole deal took place, but Tesla actually listed Hibar as its subsidiary back in October 2 filing with a known Canadian government, according to Electric Autonomy. Additionally, Hibar’s own website has also been updated into a single page during recent months. Tesla representatives from Tesla itself weren’t really able to give an immediate comment.
According to Hibar’s own LinkedIn page, this Ontario-based company was previously founded way back in 1974 and works with at least 50 employees. All the way back in April of 2019, Hibar was actually awarded a large $2 million grant that came from the National Research Council of Canada in order to support its efforts in actually developing the Lithium-ion battery manufacturing systems.
This also comes as Tesla has previously been wanting to develop its very own battery cells in-house in order to make them cheaper and to provide higher-performance electric vehicles as well as limit its dependence on the company Panasonic, which already jointly owns and still operates a particular battery factory located in Sparks, Nevada.
The company has also gradually strengthened its own portfolio of certain energy tech companies by acquiring the company Maxwell Technologies all the way back in February for $218 million.
It’s hard to tell what Elon Musk plans to do next as he moves very swiftly and almost in all directions with Tesla, SpaceX, and even the more recent Neuralink all at once. It seems like the successes of his companies follow one after another.