Bucking EV Slowdown, Sila Raises $300M to Expand Battery Materials Factory In a surprise move that defies the gloomy trend in electric vehicle sales in the United States, Sila has raised $300 million to expand its factory in Washington State.
This injection of capital comes as many are writing off the domestic EV industry due to declining demand and the Trump administration's efforts to stifle the technology.
While EV sales have slowed down in the US market, Sila's decision to press on with expansion plans suggests that there may be more to the story.