Magnis Energy Technologies Ltd (ASX: MNS) has entered into a Binding Offtake Agreement with Tesla, Inc. for the supply of AAM beginning in February 2025 with fixed pricing.Under the agreement Tesla will purchase a minimum of 17,500tpa starting from February 2025 with a maximum of 35,000tpa for a minimum three-year term at a fixed price.The agreement is conditional on Magnis securing a final location for its commercial AAM facility by 30 June 2023, producing AAM from a pilot plant by 31 March 2024, commencing production from the commercial AAM facility by 1 February 2025, and customer qualification.
Anyone know is this is still alive and happening ?
if not who is supplying Tesla??
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