All I see here is Siemens as a software partner to assist in the functionality of the proposed factories. Something MNS needed anyway, and would’ve otherwise taken from a Siemens competitor. Magnis however wraps it in an elaborate announcement to garner interest. If it works then more power to them, but like I said history shows the market sees through the fluff.
As Wilma said, Magnis paid $2.5m for 8% of the NY gigafactory, valuing it at $31.25m. That’s one of only a few clear facts.
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All I see here is Siemens as a software partner to assist in the...
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