Magnis Resources Ltd. will team up with automation company Siemens AG to enhance its lithium-ion manufacturing technology through digitization and automation.
The letter of intent covers all Imperium3 battery plants, starting with New York, according to a March 5 release.
Siemens will identify resources to develop a clearly defined functional specification for the use of its industry software and automation technology for in-line integration at the plant.
Magnis boosted its ownership stake in battery startup Imperium3 New York, Inc to 41% in February.
