Australian graphite producer Magnis Resources said it is acquiring a 10% stake in US based lithium-ion battery technology group Charge CCCV (C4V).
In addition, Magnis has secured an “exclusive agreement over selective patents” which it said will boost the company’s growth in the lithium batteries sector.
Australian graphite producer Magnis Resources is to “fast track” plans to build a lithium-ion battery plant in New York State after acquiring equipment and raw materials from a former battery site in North Carolina.
Magnis confirmed on 8 February it had completed a successful AUD5 million ($3.9m) capital raising to fund its share of the purchase of the former battery plant in North Carolina.
Australian graphite producer Magnis Resources is to supply raw materials to the German start-up behind plans to build two gigafactories in Europe.
Magnis said it has signed a deal with TerraE Holding GmbH, which recently formed a consortium of 17 (now 18) major companies and research institutions – and plans a total of 34GWh of production capacity across two lithium-ion battery cell production plants in Germany.
Two New York organisations have entered into a Memorandum of Understanding to develop next generation lithium-ion batteries for aerial drone and mobile robots applications.
The joint research programme will see Graphene 3D Lab supply materials to Stony Brook University, who in turn will make its facilities available as the pair develop light-weight battery packs.
New York state lithium materials firm alpha-En Corporation has confirmed battery expert Jack Marple has joined them as a consultant.
Marple will immediately start advising the US company on product development and commercialisation of its high purity lithium metal and associated products aimed at the battery industry.
General Electric Co said it will invest $70 million in its Schenectady battery plant in New York to double production and create 100 jobs there. This will take the plant’s workforce 450 at full capacity.
The factory manufactures GE's Durathon batteries, which are half the size of conventional lead-acid batteries but last ten times longer.