FinTechFunding

Magnis Energy Technologies: Signs deal with Omega Seiki

Magnis Energy Technologies Signs deal with Omega Seiki

  • Magnis Energy Technologies (MNS) partner Charge CCCV signs an agreement with electric vehicle manufacturer Omega Seiki
  • Charge, Magnis and Boston Energy and Innovation all have stakes in the iM3NY Lithium-ion Battery Plant in New York
  • The five-year deal beginning will see Charge supply its lithium-ion batteries to the three-wheel producer with initial fulfilment coming from the iM3NY plant
  • All up, MNS says the volumes will exceed 1.1GWh over the period of the contract with a dollar value of over US$160 Million
  • MNS also advises there may be a delay in its planned OTC Markets listing in the US due to a backlog of applications
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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