Tesla acquires Maxwell Technologies for dry electrode process

The acquisition was for a dry electrode process for battery production. This process eliminates toxic solvents, cuts energy use, and requires less factory space compared to the traditional wet slurry process. The founding team of Maxwell is now running a company called LiCAP, which is licensing a similar dry electrode process. Quotes: "Tesla is producing anodes and cathodes for its 4680 cells using a dry process that it acquired along with a company called Maxwell Technologies in 2019.", "Compared to the traditional wet slurry process, the dry process eliminates toxic solvents, cuts energy use, and requires less factory space.", "(The founding team of Maxwell is now running a company called LiCAP, which is licensing a similar dry electrode process."