Panasonic Energy and Sila Sign Deal for Enhanced EV Battery Performance
Sila's Titan Silicon anode to be used in Panasonic's lithium-ion batteries, promising increased vehicle range and reduced charging times.
- Panasonic Energy has signed a supply deal with battery materials company Sila to use its silicon anode in the manufacture of lithium-ion batteries, which are essential for the electric vehicle (EV) industry.
- Sila's silicon anode, Titan Silicon, is expected to enhance the performance of Panasonic's high energy density batteries, increasing vehicle range and reducing charge times.
- The deal marks a significant milestone for Sila, which has raised over $900 million to date and received a $100 million Department of Energy grant in 2022 for scaling up manufacturing.
- Initial higher performance cells containing Titan Silicon will be used in luxury vehicles like the Mercedes’ electric G-Class SUV, scheduled to debut in 2025.
- Panasonic plans to increase global production capacity of automotive batteries to 200 GWh by 2030-31, with the aim of achieving a volumetric energy density of 1000 Wh/L.