Magnis Signs a Binding Memorandum of Understanding (MOU) with BATTEROTECH

Magnis Signs a Binding Memorandum of
Understanding (MOU) with BATTEROTECH
• Binding MOU is signed with BATTEROTECH
• BATTEROTECH is to become a non-exclusive sales and technology partner for
Magnis for the immediate-term re-sale and joint development of turn-key
projects using BATTEROTECH batteries
• BATTEROTECH is positioned to develop next-generation battery products for
EV and ESS markets
• BATTEROTECH specialises in high safety, high energy density, long life and
fast charging world-class products and solutions for customers in EV and ESS
fields
• BATTEROTECH is a wholly-owned subsidiary of the world’s largest nickel and
stainless steel producer Tsingshan Industry
• BATTEROTECH’s current capacity of 34GWh with Phase III capacity planned to
produce 45GWh annually

LINK https://magnis.com.au/files/BATTEROTECH-MOU-Press-Release-8-4-24.pdf