- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Purpose Bitcoin ETF
Silver47 Exploration
Syntheia
CI Galaxy Bitcoin ETF
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Memorandum of Understanding Signed With Future German Lithium-ion Gigafactory Terrae
Memorandum of Understanding signed for supply of raw materials for future German Gigafactories 34 GWh Lithium-ion production capacity planned across two Gigafactories TerraE leading Lithium-ion battery planning project consisting of 18 major German companies and institutes Magnis Resources (ASX:MNS) is pleased to announce the signing of a Memorandum of Understanding (MOU) with German Lithium-ion battery consortium …
- Memorandum of Understanding signed for supply of raw materials for future German Gigafactories
- 34 GWh Lithium-ion production capacity planned across two Gigafactories
- TerraE leading Lithium-ion battery planning project consisting of 18 major German companies and institutes
Magnis Resources (ASX:MNS) is pleased to announce the signing of a Memorandum of Understanding (MOU) with German Lithium-ion battery consortium TerraE-Holding GmbH (TerraE) for the supply of raw materials .
Under the agreement, Magnis will supply raw materials to the TerraE Gigafactories.
TerraE plans to build 34GWh of production capacity across two locations in Germany. First stage production is expected to commence in late 2019.
The agreement further strengthens Magnis’ position in the rapidly growing Lithium-ion battery market, building on the Company’s involvement in Gigafactories in Townsville and New York.
CEO of TerraE Holger Gritzka commented: “We are excited to involve Magnis with our project. It is important for TerraE to secure material supply long-term with strategic partners”.
Chairman of Magnis Frank Poullas commented: “Magnis is quickly becoming a major player in the Lithiumion battery revolution that is in its early stages. Our technology is being recognised by major players in this space and today’s announcement is further confirmation of this.”
“With involvement and ownership in future production currently at 64GWh and quickly growing our aim is to be one of the leading players in the industry.”
TerraE Consortium and Lithium-ion battery plant
TerraE was recently established with the target to setup mass production of Lithium-ion battery cells of 34 GWh in Germany. TerraE leads a project made up of 18 German companies and research institutes, which is planning the construction, development and fit-out of the Gigafactories during the next two years. The consortium includes companies throughout the supply chain including infrastructure, manufacturing planners, material producers, machine engineering groups, cell manufacturers and industrial consumers.
Target markets that have been identified are power tools, electric vehicles, utility electric vehicles, energy storage systems and industrial sectors.
Frank Poullas
Chairman Magnis Resources Limited
+61 2 8397 9888
www.magnis.com.au
Click here to view Magnis Enabling Future Energy 2017 Presentation
Source: www.magnis.com.au
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.