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.
In May, BBB reported that Magnis would also be responsible for supplying the anode materials and technologies to two future lithium-ion battery manufacturing factories, respectively in New York State (15GWh) and Townsville, Australia (15GWh).
Chairman of Magnis, Frank Poullas, commented: “Magnis is quickly becoming a major player in the lithium-ion battery revolution that is in its early stages.
“With involvement and ownership in future production currently at 64GWh and quickly growing our aim is to be one of the leading players in the industry,” he added.