MNS 0.00% 4.2¢ magnis energy technologies ltd

In talks with Volkswagen, Siemens, page-179

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    So what of Imp3's battery chances in North America against billion dollar NCA, NCM cell investments?

    Imp3 cells attempting entry into market dominated by Tesla/Panasonic in US, and now Volkswagen/SKI in the mix. Volkswagen's US deal with SKI set against back-drop of Tesla sales going gangbusters in Q3
    "The whole idea that Tesla is a tiny little car company that can’t mass produce cars has officially been blown out of the water."

    1. Tesla Q3 Sales Comparison.PNG
    Oct 24, 2018 - Tesla releases Q3 earnings: record revenue and a profit
    "Tesla achieved a profit of $312 million from a record revenue of 6.8 billion dollars...mainly due to the gross margin on Model 3 topping 20%."

    Profitability in Q3 at the expense of German auto:
    Nov 2, 2018 Tesla Model 3 hijacks sales from major brands
    "After Tesla reported a profit this Q3 due to strong sales of the Model 3, reverberations are being felt across the industry. Carmakers like BMW and Audi are losing the bracket for their middle class models such as the 3 series and Audi A4. This October Audi noted a sales drop of 21 percent for their A4, that is a total of 2,267 units, in the States. The BMW 3 Series sold 3,445 a drop of 23 percent in the USA."

    Ramp-up in Q4 set to erode 'big auto' market share further:
    Nov 16, 2018 Tesla plans for 7,000 Model 3 per week by end of November

    Meanwhile Tesla's looking to build on US success in Europe with Germany top of the list:
    June 2018 -Tesla’s ‘leading choice’ for its Europe Gigafactory site is Germany

    You have to wonder who signed up for the bone battery out of Huron Campus NY?
    Big auto shows no sign of coyness announcing battery deals...
 
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