Graphite producer Magnis Resources (ASX:MNS) has inked a deal with Siemans AG to enhance its lithium-ion manufacturing technology.
Siemans AG is a global technology company and world leader in lithium-ion battery factory digitization and automation.
The company will play a major role in digitization and automation for the next generation of lithium ion battery plants starting with the Magnis plant in New York.
Magnis says to have a global powerhouse such as Siemans showing its commitment to the project is a huge validation.
Shares in Magnis (ASX:MNS) are trading 2.53 per cent higher to $0.41.