In recent years, China's battery manufacturing industry continues to develop, and its operating revenue and sales profit show a growing trend year by year.
According to the data, in 2018, the operating revenue of China's battery manufacturers above the designated scale was 746.25 billion yuan, and the sales profit was 43.01 billion yuan.
By the first half of 2019, the operating revenue of China's battery manufacturers above the designated size reached 344.89 billion yuan, up 14.8% year-on-year.
Profits totaled 13.55 billion yuan, up 57.7% year on year.
In fact, the Hibar acquisition is not tesla's first in the sector.
More recently, it is understood that Maxwell of California, which has been developing a new generation of lithium-ion electrodes, was acquired by tesla.
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