Magnis Energy subsidiary signs battery manuacturing JV with Omega Seiki Mobility
AU Manufacturing
MAY 17, 2023
Magnis Energy Technologies announced that its subsidiary, iM3NY, has entered a joint venture agreement with Indian electric vehicle manufacturer Omega Seiki Mobility (OSM) for the manufacture and sale of lithium-ion battery packs. The joint venture will see OSM owning 74 per cent of the shares while iM3NY will own 26 per cent.
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