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In quest for better batteries, Tesla buys Maxwell Technologies

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Tesla has agreed to buy energy storage company Maxwell Technologies for $218 million US in an all-stock deal that could help the electric car maker produce batteries that hold more energy and last longer at a time when it needs to cut costs and faces growing competition.

This story was originally published on CBC News. To read the rest of this news worthy story, please visit https://www.cbc.ca/news/business/tesla-maxwell-technologies-batteries-1.5004771?cmp=rss.