- Magnis Energy Technologies (MNS) pens a three-year deal with Tesla for the supply of anode active materials (AAM) from 2025
- Tesla has agreed to purchase between 17,500 tonnes and 35,000 tonnes per annum of AAM from February 2025 for a minimum three-year term with fixed pricing
- The agreement is conditional on Magnis meeting a tight deadline of milestones, including securing a final location for its commercial facility by June 30 this year and producing AAM from a pilot plant by March 31, 2024
- Magnis is currently in the process of selecting a location for the facility in the US
Why I'm Optimistic about Magnis, page-202
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