MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: New York Lithium-ion Battery Plant Update, page-5

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  1. 587 Posts.
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    Great to see the update and particularly good seeing the photo's of the progress. Significant works underway. Remember...this is a USD$50mill project, so to get where it is since funding came through is impressive. The manufacturing floor is huge.

    Plenty of work to do with expected completion/automated production in June 2022. Continuous small scale production through to automation will be great to provide confidence to offtake partners (both current and future) and allow for commencement of revenues leading to full commercial production.

    Good update. Semi-automated production due to commence in the coming days. Good enough for me, no point holding out for the update. I think I remember them saying semi-automated production will be an initial production of around 1,000 cells for testing and DD. Well done iM3NY team. keep it going.
 
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