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Company News Summary

Magnis Resources Announces Signing of a MoU (Memorandum of Understanding) for a 30GWh Lithium-ion Battery

06 Oct 2017  |  08:59:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Energy Giants Join Magnis to Develop German Gigafactory

Magnis Resources announced the signing of a MoU for a 30GWh Lithium-ion battery with integrated Lithium-ion battery recycling plant in North Rhine Westphalia, Germany, with the industrialised Emscher-Lippe region. The agreement is supported by the North Rhine Westphalia (NRW) government and has been signed by the Company and Public-Private Partnership (PPP) WiN Emscher-Lippe GmbH (WIN). Under the Agreement, a 30 GWh Lithium ion battery manufacturing with integrated Lithium-ion battery recycling facility will be setup in NRW. It will be responsible for sourcing raw materials and associated technologies. With its partners, it will assist with general project development and management of the project.

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