North Rhine Westfalia (NRW) –  LISTROM GmbH, Germany Lithium-ion Battery Plant

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• MoU signed for a 30GWh LIB Gigafactory and recycling plant integrated to one of Europe’s largest industrial clusters in the Emscher-Lippe region of Germany. NRW population of 17 million and Germany’s largest Federal State with US$800B GDP

• Agreement is supported by NRW government and has been signed by Magnis and Public Private Partnership (PPP) WiN Emscher-Lippe GmbH (WIN).  The WIN members include Energy and Chemical giants such as BP, EVONIK, E.ON and SABIC.

• Magnis responsible for sourcing raw materials and associated technologies.  With its partners, Magnis will assist with general project development and management of the Project.

• Consortium to be included in the European Union Battery Alliance – joining BMW, Daimler and Nissan, amongst other leading motoring companies.

• Dr Jorg Fabri appointed Managing Director of Listrom GmbH – brings significant chemical and energy sector experience to the role.