Tesla Buys German Battery Assembly Company That Supplies BMW And Mercedes

Tesla is acquiring a German battery assembly line manufacturer supplying BMW and Mercedes-Benz, according to several reports.

Over the last few years, Tesla has been on a buying spree of companies involved in manufacturing engineering and building machines for manufacturing, like Hibar Systems and Compass Automation.

Now Tesla is reportedly adding another similar company as a subsidiary as it plans to deploy its own battery cell manufacturing capacity.

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dlin - 10/5/2020 12:36:02 AM

+1 Boost

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