MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: New York Gigafactory Progress, page-127

  1. 1,463 Posts.
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    "100% of the plant and equipment arrives at Huron Campus next week"
    Embarrassing to trumpet arrival of second hand gear without any external photos of the actual 'gigafactory'. And becoming odder with every update that precise location of "new iM3NY facility at the Huron Campus in Endicott" remains undisclosed. Not a 'minor detail' to be shy about for much longer given sheer size indicated in original NY 15GWh announcement:
    1. MNS 60 acres.JPG

    Difficult to hide a 60 acre building on the 150 acre campus:
    1.150 acres with huron.jpg
    Here's a 60 acre section of Huron Campus:
    2.60 acres with huron.jpg
    For scale, here's Huron Logistics warehousing facility and adjoining buildings (under 9 acres):
    Wonder if they're handling delivery of crates until reassembly?
    3.Huron Logistics.jpg

    Meanwhile, back to August 2nd Ann. where Investor Relations looking forward to reassembly 'next week': "Reassembly of the Plant at Huron Campus begins next week"
    Guess a backward looking announcement must be due to confirm the forward looking one was accurate.

    Given downscale to 1Gwh of cell prod. by mid 2020, odds are premises turn out to be modest and open question whether makeshift building used for reassembly. External photos of 'new iM3NY facility' confirming size and reassembly taking place within would establish scale. Couple of comparison giga-factories below for when Magnis get around to disclosure:
    SK Innovation site - 100 acres for 7.5GWh at AUD $1Billion.
    Samsung's 2.5GWh plant, also in Hungary, sits on 80 acre site at AUD $500 Million.

    Seems like an opportune time for the 'big' reveal.
    Time to put the 'giga' in the factory... or not as the case maybe.
    Last edited by sroyle: 12/08/18
 
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