Tesla reportedly bought a company that specializes in high-speed battery manufacturing

Tesla reportedly acquired Hibar Systems, which specializes in high-speed battery manufacturing for electric vehicles.

Tesla has reportedly acquired Hibar Systems, which specializes in high-speed battery manufacturing for electric vehicles.SpaceX owner and Tesla CEO Elon Musk gestures during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019.

Tesla has quietly acquired Hibar Systems, a company that specializes in high-speed battery manufacturing systems for electric vehicles, according to Canadian news siteIt's unclear when the deal took place, but Tesla lists Hibar as a subsidiary in an Oct. 2 filing with the Canadian government, Electric Autonomy reported. Additionally, Hibar's website has been updated to a single page in recent months.

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