Tesla (TSLA) sells back Maxwell Technology’s ultracapacitor business to former executives
July 22, 2021
Tesla (TSLA) has sold back Maxwell Technology’s ultracapacitor business and brand after acquiring it just over two years ago.
Back in 2019, Tesla announced the acquisition of Maxwell Technology, a San Diego-based ultracapacitor and battery company, for over $200 million.
While the company was mostly known for its ultracapacitor business, it had just developed a dry electrode technology for…