Tesla to buy battery tech maker Maxwell Technologies for US$218 million

By Akanksha Rana on Feb 5, 2019 6:59AM

All stock deal for energy storage company.

Tesla Inc has agreed to buy energy storage company Maxwell Technologies Inc for US$218 million in an all-stock deal that could help the electric car maker produce batteries that hold more energy and last longer at a time when it needs to cut costs and faces growing competition. Tesla is rapidly ...

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