MNS 0.00% 4.2¢ magnis energy technologies ltd

Updates, page-33

  1. 1,463 Posts.
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    SK were at 2GWh a year ago, already doubling capacity in Korea, completed by end 2018.
    SK Innovation doubling battery production for EVs to 4GWh/year to support demand from Mercedes

    Also moving into Europe with Daimler contract, an additional 7.5GWh :
    Mar 2018 - SK Innovation kicks off construction of $734 Million Hungarian plant
    "SK Innovation has broken ground for the construction of its battery cell facility in Hungary. Battery cells worth 7.5 GWh will eventually be made here. Production is to begin by 2020 and the area measures 430,000 sqm."

    Investing heavily in battery seperator's and adding 7th Li-B production line at Seosan, taking Korean plants to 4.7GWh:
    Dec 2017 - SK Innovation to Invest US$919 million in EV Battery, Lithium-ion Battery Separator
    "its annual battery production capacity will increase to 12.2 GWh by 2020. Accordingly, it can compete intensively with Japan’s AESC and Panasonic, China’s Biyard and Contemporary Amperex Technology Co. Limited (CATL) and South Korea’s LG Chem and Samsung SDI. LG Chem, the largest battery producer in South Korea, has an estimated production capacity of 10 GWh, while Samsung SDI has more than 7 GWh."

    Will take more than $5M in second hand gear to compete with Korean battery giants.
    3rd place is a distant dream, what happened to premises and third party funding?
 
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