Tesla acquires Richmond Hill battery specialist, Hibar Systems

News article published by https://electricautonomy.ca:

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.

Tesla has not yet responded to a request from Electric Autonomy Canada for comment on the deal. Iain McColl, the president and CEO of Hibar Systems, referred this reporter to Tesla when contacted. Read more