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Tesla buys Maxwell Technologies for $200M to drive down battery cost

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Tesla said Monday it’s acquired ultracapacitors manufacturer Maxwell Technologies, a California company that seeks to revolutionize electric vehicles.
Feb. 4 (UPI) — Tesla said Monday it’s acquired ultracapacitors manufacturer Maxwell Technologies, a California company that seeks to revolutionize electric vehicles.
Maxwell is working on new technology that can store and rapidly deliver surges of energy along with new battery technology that’s more efficient than today’s lithium ion products.

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