VIRAL KNOWLEDGE: The “genioux facts” knowledge news
- Sila Nanotechnologies, a Silicon Valley startup, is among the latest to attract Wall Street backing as supply-chain investors see enthusiasm for electric vehicles.
- China currently dominates the market for producing electric-vehicle batteries. But as auto makers spend billions to build more plug-in models in the U.S., investors are increasing their bets on firms looking to expand the supply chain for batteries and related materials in North America—a region that has long relied on imports for such components.
- Sila Nanotechnologies Inc., a Silicon Valley startup that makes silicon anode materials used in batteries plans to announce Tuesday that it has raised $590 million in new funding, Chief Executive Gene Berdichevsky told The Wall Street Journal.
- Analysts are bullish that electric-vehicle sales will take off in the coming years. While today they account for about 2% of the U.S. auto market, that share is expected to grow to 10% by 2025, according to investment bank Morgan Stanley.
Category 2: The Big Picture of the Digital Age
[genioux fact produced, deduced or extracted from WSJ]
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