Panasonic and Sila Sign Agreement for Titan Silicon, Sila’s anode material to deliver enhanced battery performance for EVs
“By integrating Sila's groundbreaking battery material with our advanced cell manufacturing capabilities, we believe that we can address the concerns such as range anxiety and charging time and contribute to accelerating the adoption of EVs,” said Shoichiro Watanabe, Executive Vice President of Panasonic Energy.
“Panasonic is the world’s leading battery technology company, aggressively pushing the boundaries for performance and we look forward to optimizing Titan Silicon to help achieve these momentous goals,” said Gene Berdichevsky, Co-founder and CEO, Sila. “This partnership represents a significant milestone for Sila, our customers, and the industry at large, and will be key to accelerating consumer EV adoption.”
Sila was the first to bring next-generation anode materials to market with the launch of Titan Silicon in the WHOOP 4.0 in 2021. In 2022, the company was the first next-generation battery materials company to sign a supply agreement with a global auto manufacturer, Mercedes Benz. And today, Sila partners with the world’s leading cell manufacturer to redefine what’s possible for EV range and charge times.
Sila’s Titan Silicon is the first market-proven graphite anode replacement, engineered for mass scale and high performance, delivering a 20% increase in range today, with a development runway to double those gains. Sila’s nano-composite silicon also improves battery charging time with the aim to drive charge times down to a mere ten minutes. Titan Silicon generates substantially less CO2 per kWh than graphite during production and is U.S. manufactured, enabling automakers to meet requirements for the Inflation Reduction Act tax credits.
About Panasonic Energy Co., Ltd.
Panasonic Energy Co., Ltd., established in April 2022 as part of the Panasonic Group's switch to an operating company system, provides innovative battery technology-based products and solutions globally. Through its automotive lithium-ion batteries, storage battery systems and dry batteries, the company brings safe, reliable, and convenient power to a broad range of business areas, from mobility and social infrastructure to medical and consumer products. Panasonic Energy is committed to contributing to a society that realizes happiness and environmental sustainability, and through its business activities the Company aims to address societal issues while taking the lead on environmental initiatives.
About Sila
Founded in 2011, Sila is a next-generation battery materials company with the mission to power the world’s transition to clean energy. Sila shipped the world’s first commercially available silicon anode for lithium-ion batteries in 2021. Sila’s materials already drive battery performance enhancements in consumer electronics devices and will also power electric vehicles like an upcoming version of the Mercedes-Benz G-Class series. Committed to American leadership in clean energy production, Sila is scaling its technology at its manufacturing facility in Moses Lake, Washington. Major financial investors include 8VC, Bessemer Venture Partners, Canada Pension Plan Investment Board, Coatue, In-Q-Tel, Matrix Partners, Sutter Hill Ventures, and funds and accounts advised by T. Rowe Price Associates, Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/53869239/en
Website: http://www.silanano.com
Contact
SutherlandGold for Sila
Yalda Rafie
sila@sutherlandgold.com
This news is a press release provided by Sila Nanotechnologies Inc.. Korea Newswire follows these editorial guidelines.