
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.
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