Magnis Resources Limited
(ASX:MNS) says the New York State Government is supporting a Lithium-ion Gigafactory to be built the state.
The graphite producer signed a Joint Manufacturing Establishment Agreement, with several other companies for Lithium-ion batteries to be manufactured in New York.
Magnis Resources says the development of the new 15 Gigawatt hour (GWh) Lithium-ion battery manufacturing plant will be fast tracked as the consortium will use existing facilities and infrastructure.
The consortium includes Charge CCCV (C4V), Boston Energy and Innovation (BEI), C&D Assembly and Primet Precision Materials.
The parties will use global experts to manufacture the batteries for electric vehicles, heavy electric vehicles and energy storage systems.
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