New Lithium-Ion Battery Cell Factory

May, 2018

Australia-based Magnis Resources Ltd. (MR), one of world’s largest manufacturers of lithium-ion battery cells, signed a memorandum of understanding with WiN Emscher-Lippe, the economic development agency of a region in North Rhine-Westphalia, to help build a lithium-ion cell factory with an annual production capacity of 30GWh at one of two potential sites. MR will have a 45 percent stake in Listrom, the entity owning the battery plant, and provide it with anode materials and technology. The consortium building the gigafactory was recently admitted to the European Union Battery Alliance, whose members include a number of leading automotive companies, such as BMW, Daimler and Nissan. The plant will reportedly entail an investment volume of EUR 3 billion and employ up to 1,800 people. Construction is expected to begin in late 2018, and production in the following year. Plans also call for an integrated battery-recycling plant to be part of the larger project.

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