Daimler invests in Sila Nano for next-gen battery tech

Daimler is investing in the California-based producer of engineered materials, Sila Nanotechnologies, to boost development of “next generation lithium-ion battery materials”.

Daimler said it was making a “significant investment” in Sila Nano to forge a partnership that would speed up the development and commercialisation of lithium battery tech— to benefit future electric cars produced by its Mercedes-Benz subsidiary.

In addition to acquiring a minority equity stake in Sila Nano, Daimler also joins the board of the battery material specialist.