Tesla reportedly acquires Ontario-based battery manufacturing company Hibar Systems

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A recent report came out claiming one of Tesla’s latest acquisitions is a battery manufacturing company based in Richmond Hill, Ontario. According to public records, Tesla bought Hibar Systems sometime between July and October 2019. Before July 2019, Tesla Canada didn’t have any subsidiary companies. But recent federal documents show Hibar as a company that it owns. Neither company has commented on the matter yet. As for a reason for the acquisition, we can assume, based on Hibar’s business, that it has something to do with the battery manufacturing process.

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