Magnis inks offtake with Tesla for the supply of anode active material Tesla graphite Magnis
- Magnis Energy Technologies said today that it has entered into a binding offtake agreement with Tesla, Inc. for the supply of anode active material beginning in February 2025 with fixed pricing.
“The agreement is conditional on Magnis securing a final location for its commercial AAM facility by 30 June 2023, producing AAM from a pilot plant by 31 March 2024, commencing production from the commercial AAM facility by 1 February 2025, and customer qualification,” it said. Chairman Frank Poullas commented, “We are really excited to bring our high performing AAM to market that requires no chemical or thermal purification throughout the whole process, which differentiates this sustainable material in the market and provides great value to all parties.”
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