Skeleton Renames Its Subsidiary Black Magic to Skeleton Materials

“It’s an important milestone for us as we are expanding our manufacturing capacity in parallel, and our company’s visibility has dramatically increased. Unlike Tesla, Panasonic, or LG who use similar raw materials and compete in engineering, Skeleton has taken an alternative approach and has focused on vertical integration, producing our own material and using it in the cells and modules we manufacture. Renaming Black Magic into Skeleton Materials therefore perfectly illustrates that materials development is the backbone of our strategy.

“Curved graphene allows our products to reach unprecedented levels of performance without relying on toxic or rare metals. Without this material, we wouldn’t be able to enable and accelerate electrification and decarbonization and meet the needs of the transportation, automotive, grid, and industry sectors.”