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4.2¢ magnis energy technologies ltd

I'm surprised its economical to produce batteries in a boutique...

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PickmeAmonkey

2,678 Posts.

148

19/09/21

20:29

Post #: 56189812
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Originally posted by joeycloud: ↑

The plan is to make EV batteries that can fit into most form factor vehicles but based on past announcements their customers are a mix of government defence vehicles and grid storage. Omega Seiki is their first overseas OEM that has been named, but it's representing less than 20% of all their offtakes known to date (~$1.1billion USD).

its a good sign that their prismatic cells are pretty flexible in terms of who can use them. The extra fast charging capability would've been very attractive to high mobility vehicles like the ones Omega Seiki is making/selling

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I'm surprised its economical to produce batteries in a boutique size factory in New York and ship to India for use in low cost vehicles. I wonder what the gross margin on each battery will be?

MNS Price at posting: 33.5¢ Sentiment: None Disclosure: Not Held
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