Skeleton takes on Tesla after $218m Maxwell ultracapacitor buy: Page 2 of 2

February 05, 2019 //By Nick Flaherty
Skeleton takes on Tesla after $218m Maxwell ultracapacitor buy
European ultracapacitor maker Skeleton Technologies is taking on electric car maker Tesla after it bought competitor Maxwell Technologies.

The deal is not just about the technology, though. Maxwell supplies Tesla's main US rival in electric cars, General Motors, as well as Geely, which own Volvo. This gives Tesla significant commercial advantage, but also opens up opportunities for other suppliers such as Skeleton. The deal also gives Tesla access to the ultracapacitor technology for renewable energy systems such as solar and wind power where the company has been expanding with its large scale battery systems to make electricity grids more sustainable and reliable.

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