Panasonic Energy (PCRFY) announced the signing of a commercial agreement for Sila’s high-performance nano-composite silicon anode, Titan Silicon. The high energy density battery from Panasonic is expected to enable automakers to deliver unmatched EV performance, dramatically increasing vehicle range and reducing charge times. Sila’s anode materials, to be produced in the company’s plant in Moses Lake, WA, will be optimized for Panasonic’s next-generation lithium-ion batteries. “By integrating Sila’s groundbreaking battery material with our advanced cell manufacturing capabilities, we believe that we can address the concerns such as range anxiety and charging time and contribute to accelerating the adoption of EVs,” said Shoichiro Watanabe, Executive Vice President of Panasonic Energy.Companies that are in the EV battery space include Tesla (TSLA).
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PCRFY:
- Panasonic upgraded to Buy from Hold at Jefferies
- Fisker, Panasonic Automotive announce collaboration agreement
- Tesla (NASDAQ:TSLA) Passes Trial, Share Prices Gain
- Panasonic to cut domestic electric battery production, Nikkei Asia reports
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue