Ann: AVZ signs MoU with Beijing National Battery Technology Co, page-93

Beijing National Battery Technology Co., Ltd. operates as a subsidiary of State Power Group, Ltd (http://eng.spic.com.cn ).

Fellow shareholders, the end game has started. Companies this size (power and money) are not going to wait until 40.000m is drilled. The resource is just too big to keep in our own hands. It is what it is...

BNB has developed the next generation of lithium iron phosphate batteries with energy densities of 220 Wh/kg, and for its lithium nickel cobalt manganese (LiNiCoMn)O2 batteries, energy densities of 330 Wh/kg have been reached. Both of these battery series are planned for mass production in 2020.