Magnis Resources (ASX:MNS) is working to accelerate development of its New York Gigafactory.
A number of major developments have commenced to fast track the New York Battery Plant into production.
Work on design and process engineering has commenced along with site preparations following the successful move of the battery manufacturing plant from North Carolina to New York.
Equipment manufacturers, engineers and the Imperium3 (iM3) New York team have been closely working together to meet the production time frames.
Local government and environmental approvals are underway with all approvals expected in 2019.
Magnis Resources (ASX:MNS) is to be renamed Magnis Energy Technologies, subject to shareholder approval.
Shares in Magnis Resources (ASX:MNS) are trading 1.49 per cent higher to 34 cents.