Ann: MoU signed with future German lithium-ion gigafactory TerraE, page-6

This confirms that Magnis tech is the real deal and companies want to be free from Chinese constraints. Project has already been given German government support as per article below.

https://www.google.com.au/amp/s/electrek.co/2017/08/03/battery-gigafactory-germany/amp/


A new massive battery gigafactory is coming to Germany

• Fred Lambert
  
• 3 weeks ago
  

The battery supply chain to support the electric car revolution and energy storage industry is slowly becoming stronger. Tesla has been leading new battery production in America with its Gigafactory and Panasonic, Samsung, and LG have been leading production in Asia, but Europe has been lagging behind.

Now a new massive li-ion battery gigafactory has been announced in Germany.




Tesla has been calling its battery factory a “gigafactory” because it will have an annual production capacity of several gigawatt-hours (GWh) of energy storage.

The new facility announced by Terra E Holding GmbH today is deserving of the name with a planned capacity of 34 GWh at full production.

In comparison, Tesla plans for Gigafactory 1 in Nevada to have a capacity of 35 GWh (50 GWh of battery packs) in 2018 and a full capacity of 105 GWh (150 GWh of battery packs) in 2020.

While Terra E’s project is one of the rare new announced battery factories comparable in production capacity with Tesla’s, its timeline is much further down the road.

Bloomberg reports:

“Terra E Holding GmbH will choose one of five candidate sites in Germany or a neighboring country next month to build its 34 gigawatt-hour battery factory, Frankfurt-based Chief Executive Officer Holger Gritzka said in an interview. The former ThyssenKrupp AG manager has helped to assemble a consortium of 17 German companies and won government support for the project, which will break ground in the fourth quarter of 2019 and reach full capacity in 2028, he said.”

Gritzka also said that the company will at first focus on batteries for stationary storage applications, which have been increasingly popular in Germany over the last few years as the country’s renewable energy production is soaring.