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Magnis Energy Technologies Limited (MNS.AX) C4V Selected in United States Government Funded USCAR Program

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Magnis Energy Technologies Limited
Magnis Energy Technologies Limited

Magnis Energy Technologies Limited (MNS.AX) C4V Selected in United States Government Funded USCAR Program

Sydney, Australia, Nov 9, 2021 - (ABN Newswire) - Magnis Energy Technologies Limited (ASX:MNS) (HAM:U1P) (OTCMKTS:MNSEF) is pleased to announce that Charge CCCV (C4V) has been selected to participate in the United States Government funded USCAR program. Magnis has a 9.65% stake in C4V.

The US$2 Million program was awarded by The United States Advanced Battery Consortium LLC, in collaboration with The United States Department of Energy. The Program lead is American Battery Technology Company with BASF and C4V being selected. C4V will be providing the lithium-ion battery cells for the program.

USCAR is the collaborative technology company of Ford Motor Company, General Motors, and Stellantis. The goal of USCAR is to further strengthen the technology base of the domestic auto industry through cooperative research and development.

To view the announcement made by USCAR and American Battery Technology Company, please visit:
https://abnnewswire.net/lnk/EAF4V5P7


About Magnis Energy Technologies Limited:


Magnis Energy Technologies Limited (ASX:MNS) (OTCMKTS:URNXF) (FRA:U1P) is involved in and has strategic investments in several aspects of the electrification supply chain including manufacturing of green credentialed lithium-ion battery cells, leading edge battery technology and high quality, high performance anode materials. The company's vision is to enable, support and accelerate the green energy transition critical for the adoption of Electric Mobility and Renewable Energy Storage.

Contact:

Frank Poullas
Executive Chairman
Ph: +61 2 8397 9888
www.magnis.com.au

Source:
Magnis Energy Technologies Limited

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