MNS 0.00% 4.2¢ magnis energy technologies ltd

In talks with Volkswagen, Siemens

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    An article printed today in Germany's top financial newspaper (Frantfurter Allgemeine).

    Best to do your own translations but the final paragraph according to google translate reads as (emphasis added):

    If everything goes as planned, the German factory should be ready for delivery as early as 2019. That coincides with the launch of various electric cars from German manufacturers. And because the issue of recyclability is connected to production, Magnis still wanted to build a recycling plant at the German site. Whether the reason really becomes something depends on a few imponderabilities, but in particular on whether customers can be found. The first exploratory talk was last week with Volkswagen. The electronics company Siemens should stand on the wish list.

    You don't get in the room with such big names unless you have a stand out product... Volkswagen obviously considering other options after failing to secure cobalt for NCM!!

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    Last edited by Riskon22: 07/02/18
 
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