Panasonic in deal with battery materials maker Sila for Titan Silicon, no terms

Panasonic Energy (PCRFY) announced the signing of a commercial agreement for Sila’s high-performance nano-composite silicon anode, Titan Silicon. The high energy density battery from Panasonic is expected to enable automakers to deliver unmatched EV performance, dramatically increasing vehicle range and reducing charge times. Sila’s anode materials, to be produced in the company’s plant in Moses Lake, WA, will be optimized for Panasonic’s next-generation lithium-ion batteries. “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.Companies that are in the EV battery space include Tesla (TSLA).