Magnis Energy Technologies Limited (ASX: MNS) has acquired state-of-the-art machinery that allows iM3NY to produce lithium-ion batteries for all major markets
Machinery acquired from lithium-ion cell manufacturer A123 Systems and is being relocated from Michigan to Huron Campus
iM3NY now has the ability to produce 20 and 50amp hour cells to cover all major markets for lithium-ion batteries
First production on track for late 2021
Magnis Energy Technologies Limited (ASX: MNS) is pleased to announce that Imperium3 New York (iM3NY) has acquired state-of-the-art machinery from lithium-ion cell manufacturer A123 Systems to reduce overall capex requirements while bringing forward production. Magnis has a direct and indirect holding of approximately 58% of iM3NY.