MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Batteries supplied to US based Martac, page-30

  1. 17,843 Posts.
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    Hi KOH, can you explain what type of batteries are being given to Martac, my understanding from the Battery conference presentation is that MNS/I3NY have indicated they won't be producing EV batteries anytime soon.

    "Start with lead acid replacement (ESS) and transition to EV over longer term "

    https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL4gq0wBb1v/p37LFiGug=

    So I am a little bit confused on what type of battery is being supplied to Martac to put into their EV drones. Are they EV batteries and Martec happy to wait for the "longer term" until commercial quantities become available? Also, not sure what the MNS definition of "longer term" is, has there been a timeline issued that may clarify what sort of period they consider to be "longer term", is it 5 years?, 10 years etc.

    Thanks
    Last edited by Names little: 18/05/19
 
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