Bucking EV slowdown, Sila raises $300M to expand battery materials factory
Despite the broader EV market slowdown, battery materials company Sila has secured $300 million in new funding to expand production of its advanced silicon-carbon anode material. The capital will enable Sila to manufacture enough material to power over 100,000 electric vehicles, positioning the company to meet growing demand from automakers seeking improved battery performance.
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Bucking EV slowdown, Sila raises $300M to expand battery materials factory
Despite the broader EV market slowdown, battery materials company Sila has secured $300 million in new funding to expand production of its advanced silicon-carbon anode material. The capital will enable Sila to manufacture enough material to power over 100,000 electric vehicles, positioning the company to meet growing demand from automakers seeking improved battery performance.
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